Thinking of exiting your business in the next 24-48 months?
It’s a major decision and one that needs careful planning and preparation.
To help you get started, here are a few suggestions of what to consider… if you seriously want to optimise your exit…
KNOW WHAT YOU WANT. Be clear on why you are exiting and what you want to achieve. The more detailed, the better.
VALUATION. Getting an accurate number and rationale, will help determine if you need to increase what your business is worth.
BE GROWTH-OBSESSED. A strong growth trajectory gives buyers the confidence that they will see a return on their investment.
IDENTIFY YOUR IDEAL BUYER(S). Figure out your exit route sooner, rather than later. It makes the choreography prior to an exit so much easier.
STRUCTURE. Implement best practice in everything – from a strong management team, to the smallest details in your systems and processes.
DUE DILIGENCE. Be on the front foot with DD. Multiple potential buyers will scrutinise your accounts, tax filings, processes and legal contracts. Have it in place before they ask.
EXIT STRATEGY. Even if you are currently ‘agnostic’ about how you exit – whether that’s a MBO, Trade Sale, or PE Fund – you still need a clear plan to get you the results you deserve.
… and a plan for life AFTER you exit.
Make your next adventure in life, even more compelling than the years you’ve been running your business. And spend time right now, building a clearer picture of your post-exit life.
I regularly get to see first-hand → that some business owners are light years ahead of others → in visualising what comes next.
Does that sound like you?
#nextlevelgrowth #exitlaunchpad #M&A #exit