Business Exit/Transition
Business exit / transition planning is the processes of gaining advice and knowledge to assist you in developing a strategy that will enable the release of the financial equity that is locked in your business.
It is not the sale of the business! This is only one of several business transition options available to you.
Kiwi Logic uses a four tiered approach to business coaching and consulting
- Assist in the development of an exit strategy
- Identify how to increase the performance of the business
- Drive optimization across all business activities
- Help you achieve your desired end game.
There are two types of business exit, planned and unplanned. A planned preparation for a business transition ensures that the maximum value can be derived from the transfer of ownership where as an unplanned transition is a fire sale of assets resulting in low return to the owner.
Planned Transition – High Value Return
Retirement
The ability to do what you want, not what you have to
New Opportunities
To enable a change in lifestyle or activity
Stepping Back
Taking a hands off role and enjoy more leisure time
Expansion
Taking your business to the next level – Operating in the upper quartile
Unplanned Transition – Low Value Return
Death
Your partner is left with trying to maintain and sell your business
Illness
You are unable to maintain your business and are forced to sell
Disability
You are unable to continue running your business and are forced to sell
Divorce
You are put in the position of having to rapidly sell your business
Two Questions You Have to Ask Yourself
Emotional – are you ready to sell you business
- What does the next stage of your life look like?
- What will you do every day?
- How will your status change in the community?
- Is your business a job or an investment?
Financial – are you prepared to sell your business?
- Will you still have to work?
- Will you reinvest in a new venture?
- What are your financial requirements for retirement?
What is the Next Stage of the Process
This table is a high level check list to allow you to determine if you have the knowledge and information available to embark on the journey to exit your business.
Why not contact our team to see what we have to offer.
Your Goals and Your Motives Must Drive the Exit Strategy
Can You Answer These Questions
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What is my best option for exit, mentally and financially?
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How much involvement do I want in the business?
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Am I ready to start the exit process?
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Is my business ready for sale?
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What knowledge do I need?
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Where is the most value?
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What is it I am selling?
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Who can I sell to?
