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Secure your legacy and exit your business with confidence
As a business owner, you've poured your heart and soul into building your enterprise. Now, it's time to ask a crucial question: Do you have an exit strategy for your business?
Our latest thinkBIG report is a comprehensive guide, designed to help you navigate through the intricacies of business exit strategies to help you achieve a smooth and successful transition.
In this report:
- A detailed breakdown of your options for exiting a business.
- The key economic indicators and market trends affecting business exit
- The three Ps of a successful succession or exit strategy: purpose, preparation, and process.
- The process of preparing your business for succession or sale
- The role of external advisors in the exit process.
Highlights of the report:
Having a succession plan in place for your business is crucial for ensuring a smooth transition of leadership and operations.
Whether you intend to pass your business on to a family member, employee, or external party, a well-documented succession plan can help avoid disruptions and uncertainties.
To ensure the future success of your business and protect the interests of stakeholders, it's crucial to have a clear process for identifying and preparing successors. Developing both short-term and long-term succession strategies can help your business adapt to unexpected changes and effectively plan for future leadership transitions.
Involves existing members of management team or an external team buying out the company.
This usually involves debt funding or co-investment with a private equity firm. This can also be part of a succession planning strategy when it involves a family business.
Involves selling business to another business, such as a competitor or larger company.
Usually this will be in the same industry sector. Arrangements with customers, suppliers and employees are critical for business continuity.
Private equity can be a strategic option for businesses seeking growth capital or looking to exit the market.
It involves selling a portion of the business to a private equity firm in exchange for investment and expertise.
This route can provide significant financial resources and operational support to take the business to the next level.
Family offices are private advisory and investment firms set up by high-net-worth families, primarily to manage their wealth and investments.
Sometimes these entities may make strategic investments in small to medium-sized businesses that are attractive and whose values or operations align with their family legacy.
Alternatively, a family office setup could be favorable for family businesses looking to manage wealth and investments effectively while ensuring continuity across generations.
An Initial Public Offering (IPO) is a significant milestone for a company, marking its transition into a publicly-traded entity.
This process involves offering shares of the company to the public for the first time on a stock exchange, thereby raising capital and providing liquidity to existing shareholders.
An orderly wind down refers to the structured process of closing a business or investment venture in a methodical manner, ensuring minimal disruption and maximizing value preservation.
This strategy is often employed when an exit plan is necessary due to changing market conditions, strategic shifts, or personal reasons.
Dace Harris
It’s critical that business owners make the same time, financial and emotional commitment to the succession or sale of their business, as they’ve poured into starting, growing and running it."
REPORT CONTRIBUTORS
