Most business owners have no plan to exit! How will you know when you can retire? You won't, without a plan!!
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When should an Entrepreneur implement an Exit Strategy?
Practically speaking, the same day they start their business.TouchStone Strategies has developed programs designed to meet the needs of the Entrepreneur, whether you have just started your business or now after many years developing, growing and nurturing your business, you have decided it is time to move on to some other endeavor. Consider the benefits of seeking professional advice. Our programs can be short term or geared toward a longer-term focus. The exit strategy plan will be tailored to suit the circumstance you present to us.
Building the business took time; don't rush its sale.The Entrepreneur should be confident that there is no need rush to the sale. An appropriate time frame to achieve a sale is six months to one year in advance of the intended exit date. The time needed to prepare the business for sale is one to two years prior. A two to three year window will best serve the Entrepreneur's objective for a sale, which would be to maximize the value received.
TouchStone Strategies truly believes that it can make a difference in the results of the Entrepreneur's decision to exit their business. Our program is a four phase approach. We start our program by 1) helping you establish your objectives and goals, 2) followed by a business valuation, 3) then we perform a business evaluation, and 4)finally we assist you with a sale by identifying a strategic buyer.
Stage 4 is particularly important because after indentifying a buyer a) we negotiate on your behalf, b) evaluate bid offers and c) advise you on the structure of the sale transaction. We are pleased to offer Entrepreneurs a complimentary consultation. The exit clock is ticking, start early and reap your reward.
TouchStone Nuggets on this topic available in PDF format.
