We are gearing up for our Eat Toast or Be Toast Event on May 5th which is intended for business owners to talk about Exit Planning.
We want to talk about what a Business Exit Plan is, how we approach this topic, and how we think about this important work for business owners. You hear a lot about Exit Planning, but often times the concept of what an Exit Plan should embody is a little bit foreign.
Here is our definition of an exit plan:
The written goals for the succession of a business’ ownership and control, derived from a well thought out and properly timed plan that considers all factors, all interested parties, and the personal goals of the owners in a manner and a time period that is accommodative to the business, its shareholders, and potential buyers.
With that definition in mind, we can start the discussion surrounding this important work for business owners. 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.
We hope that you will join us at this event on May 5th. We look forward to seeing you then.
Published: March 23, 2016
Authored By: N. Perry Moore, CBEC™, CFP®, MBA