Strategic exit planning is a highly personal process. There is no off-the-shelf solution that is right for everyone. Helping an owner exit a business must be handled in a methodical, logical, and rational manner. Because there are so many moving pieces and different parties involved, successful exit planning must follow a rigorous process in order to ensure each engagement is handled in a consistent manner and that you receive the best possible results.
The following illustrates the steps involved in our exit planning process. There are 10 components before transitioning to a successful next STEP:
It is important to note that most business owners do not invest much thought or planning in ownership transition. In fact, our research shows most business owners spend more time planning a family vacation than how to strategically exit from their business.This is not due to a lack of desire or a lack of intelligence. It is simply because they do not know where or how to begin the transition process. The vast majority of business owners are unaware there is a specific planning and implementation process that can help ensure they achieve their objectives.
Feel free to look around the STEP information, The Process, Timing or other Resources, take a look at our Exit Planning Team then Contact Us by stopping by our Texas office in Houston. Or give us a call (281) 488-2022 to obtain more information or to schedule an appointment today.