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Planning Your Exit
This article emphasizes the importance of advanced exit planning for business owners and offers a practical guide to the steps for sound exit planning.
Boom or bust…how will the Baby Boomer Agewave affect you?
As of January 1 this year, the oldest of America’s baby boom generation started turning 65 at a whopping rate of 10,000 a day…a trend that will last for the next 10 to 15 years. Over that time there’s going to be a massive increase in the number of businesses for sale, as baby boomer entrepreneurs begin to retire.
Exit Planning…All Good Things Come to an End
A wise sage once said, "All good things must come to an end". This is especially true for the small business owner, who’d like to exit their business gracefully. But, saying it and taking action are two entirely different propositions when it comes to making that a reality. Most small business owners are constantly consumed with the day-to-day running of their business and have precious little time for the luxuries of planning, unlike their larger corporate cousins, this activity tends to be put off till last minute or generally not done at all.

Business Exit Planning - Can Your Business Survive If You Could No Longer Manage It Tomorrow?
An exit plan better prepares a business owner for the inevitable transition of the business. Think and formulate an exit plan that considers not only the planned exit options, but also the unplanned exit possibilities.

Gift and Estate Tax Changes....................Are You Ready?
Gift and Estate Tax laws are in flux and may be subject to upcoming changes. If you own a business and have considered gifting an interest in your business, are you up-to-date and ready? In this month's article, we review what we know about these potential changes.

Other exit planning Related Articles

“Succession Planning For Your Business – Better Now Than Later!”
Do you, as a business owner, have a succession plan or exit strategy for your business? Do you, as an employee, know if a succession plan or exit strategy exists in your company or organization? This subject is one of the most critical aspects of owning and managing a business, yet it is also one of the most neglected aspects. Many business owners spend years and years building and growing their business, but without giving any thought to an exit strategy. An effective and smooth exit requires very sound planning several years in advance of the actual exit from the business. The exit strategy must be part of your strategic planning process and a specific long-range goal within your strategic action plan. This type of sound planning will prepare the business for new ownership and for the owner’s financial security afterwards.
Exiting Your Company Gracefully
Since you own a business or plan on having one in the near future, you have an exit strategy or plan, right? Your answer is probably “No”, which is typical for many people in their first venture of working for themselves. Every owner will eventually exit their business… even if they run it until they die. But then what?
A Strategic Look At Why You Should Develop A Business Exit Strategy Now!
Do you have an exit strategy for your business? I ask many prospective clients that question and find that too many do not have an exit strategy or plan; others have one that is not adequately funded or has no risk management built into the plan; or they have thought about it but never did anything about it. Michael Gerber, in his E-Myth books tells us that we create a business to sell it> Otherwise, we own a job not a business. So, I would say that whenever you create a business or something else that's interesting and useful, you create something that's worth selling. And subsequently, when you're thinking of selling a business, which is very important to you and your future well being, then it's critical to have a well-developed plan firmly in place. I have found that all strategic exit plans should identify the following:

A Strategically Structured Outline For Business Succession Planning From Your Strategic Thinking Business Coach
One major question I ask business owners is: “Do you have a succession plan or exit strategy for your business?” I also ask employees: “Do you know if a succession plan or exit strategy exists in your company or organization?” My experience has more than 90% telling me they have no succession plan or exit strategy. Succession planning is a critical factor for the long-term success of any business. Leadership transitions in business affect the entire organization’s continuity, employee retention, client retention and returns on investment. It is essential to create and implement a process that creates visibility, accountability and greater integration of all facets of the business. Your Strategic Thinking Business Coach has developed a strategically structured succession plan outlnine and shares it in this article.
Strategic Exit Planning and Strategic Tax Planning to Save Income Taxes
Your partner, Uncle Sam, through the federal income tax and his State and Local Tax buddies (lovingly called your “Tax Partners”) are excited about getting their share of your business profits (and salary income) right about now. If you are like most business owners you are focused on legally reducing your contribution through strategic tax planning and strategic planning to your Tax Partners this year. If you are like the exceptional few business owners, you are doing your best to look at how you will reduce your payments to your Tax Partners over your life and the life of your business through strategic exit planning and strategic tax planning.

Ready, Aim, EXIT! Why Exiting Planning NOW Will Benefit Your NOW
Exit planning is an integral part of a successful, comprehensive business plan. But most business owners are so busy growing their business that the last thing they stop to consider is their Exit Strategy. If you really want to build your company to be all that it can be and more, you need to establish right up front what you’re going for and what it means to you when you get there.

Planning Your Exit
This article emphasizes the importance of advanced exit planning for business owners and offers a practical guide to the steps for sound exit planning.
The Importance of Exit Interviews
Exit interviews can be a valuable source of information beyond learning the reasons why employees are leaving your company. When exit interviews are done well, they can uncover issues that can be addressed before they turn into lawsuits - issues such as harassment, discrimination and workplace violence. They can also provide information on how to improve procedures and can identify the programs in the company that are highly valued. Exit interviews can provide you with honest, focused feedback that you can act upon in your own time frame.

Why Develop An Exit Plan?
This article discusses the importance of a well thought out exit plan and how its important to have an exit strategy when you start or purchase a business. It will save you time, stress and money down the road!
Business Exit Planning - Can Your Business Survive If You Could No Longer Manage It Tomorrow?
An exit plan better prepares a business owner for the inevitable transition of the business. Think and formulate an exit plan that considers not only the planned exit options, but also the unplanned exit possibilities.

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