Tips for Business Owners
Maximize Your Value
To maximize the net take-home value of a business, Transition Planning should start at least 5 years before the owner wants to leave the business. Since an ultimate separation from the business is inevitable, it might as be well accomplished with forethought, strategy, focus, and preparation. Blue Sea Advisors can help you vastly improve your chances for a successful transition, which we define as true financial independence after the transition is complete.
Here are a few tips from a variety of professionals, from lawyers and investment bankers to experienced authors and speakers, about the process of business exit planning. The sooner you begin the process of exit planning, the higher the chances for a successful business exit on your terms.
Business Valuation Advisor
Why getting a current business valuation is the starting point for an exit plan. Contact us at GTRose@BlueSea.LLC for an affordable yet accurate current business valuation.
Retirement Planning Advisor
Most small business owners intend to use the value of their business to ultimately provide a good standard of living in their retirement–but here’s where they go wrong.
John H Brown, President of BEI, talks about the Importance of Exit Planning
John Brown, Founder of BEI, summarizes why business owners need an exit plan. For more, see exitplanning.com.