EXIT PLANNING 101 - WHAT YOU NEED TO KNOW! - Every business owner deserves a great exit, but anyone who wants to exit their business in the next 5 years and isn’t already working their transition plan is setting themselves up for failure. Only 1 in 10 business owners succeed in having the exit they truly want. View it here: https://youtu.be/-mxZMYsoza0
Watch this video from our Dec. 13th Exit Planning 101 Workshop where participants learned what they need to know about exit planning to proactively set themselves up for a great exit.
An Exit Planning Overview & Why Planning is So Critical
The Owner’s Personal Legacy Plan
The Owner’s Personal Financial Plan
The Business’s Financial Plan & Gap Analysis
Deal Structuring & Tax Planning
Your Business Growth Transformation Plan (having the most options to sell for more)
You can also obtain a workbook to guide you in developing your own exit plan. BDC says that 40% of Canadian Small-medium businesses will be transitioning ownership in the next 5 years; creating a huge oversupply and buyers market. Yet only 8% of business owners have a written plan in spite of the 1 in 10 success rate. This session will tell you what you can do to beat those odds. Also, the earlier you prepare, the more options you'll have & the more you will sell for!
Speakers: Brad Gaulin, P.Eng., MBA & Rob Welke, B.Comm. CEPA are Exit Planning & Execution Business Coaches, ensuring you as a business owner have the people, tools & processes needed to sell your business for more! They are committed to you getting the personal & financial legacy you truly want from your business. They have over 75 years of experience as serial entrepreneurs, executives & business advisors. They’ve worked in industrial products/services, engineering, construction, financial services, innovation & technology. You can download the slide presentation below.