The Business Exit Planning event, Eat Toast or Be Toast, is right around the corner on Thursday, May 5th! For the business owners that join us, we will start important conversations about exit planning. The last several weeks we’ve introduced our thoughts on three important questions that we will go over with more detail during the event.
1. What is a Business Exit Plan?
A good business exit plan is openly designed to serve the best interests and goals of business owners and their families to ensure that all stakeholders are properly represented.
2. How Do I Form a Business Exit Plan?
Three important parts we recommend for forming a Business Exit Plan:
- Use a proven process
- Write or type out your plan
- Choose your Financial Adviser wisely
3. Why Do I Need a Business Exit Plan?
Two particular answers that help frame why you need a business exit plan:
- Your business is illiquid
- Your business is typically your largest asset
The goal is to help you understand all the exit options for small business owners and closely held business owners. It is important for you to start a conversation about how each of the exit options available to you may or may not satisfy your mental, emotional, and financial goals. When a business asset is prepared accordingly with a proper exit plan, it can help ensure the business serves the needs of the business owner and their family.
Join us on May 5th, to learn more about how these important exit options can help you live your best life as you exit your business on your own terms. Click the link at the top of our website for more information and to sign up.
Become empowered to exit your business on your own terms.
May 5, 2016 from 8:00 a.m. to 10:00 a.m. There is no cost for this event.
(Registration is at 7:30 am and the event will start at 8:00 am.)
Published: April 27, 2016
Authored By: N. Perry Moore, CBEC™, CFP®, MBA