Your life after you exit the business - that’s not something many business owners easily ponder. National studies show that entrepreneurs lack a formal, written strategy to ensure they will complete their business and personal goals. Whether growing value for strategic reasons or for exit goals, the Grennan Fender Exit Planning Process Track will put you where you want to be, on your timetable and on your terms.
Guiding you through the exercise of determining your desired departure date, the value you want or need from the business and to whom you want to sell/transfer your business.
Exploring the options of transfer to family or employees or selling.
A detailed plan to ensure you receive the price you desire, minimize the risk of non-payment and ensure control of the business until you have been fully paid.
Strategies to improve the likelihood of a successful sale and maximize your sale price terms.
Creating a well-balanced plan to protect your personal assets, manage wealth now and into the future, and promote harmony in the family.
Specific recommendations to help protect existing value drivers and grow business value. Based on your needs, these recommendations may include installing or updating financial reporting systems, aligning employee performance with profitability goals or protecting proprietary information through covenants not to compete with key employees, all of which we can help you implement through our Strategic Services.
Planning to ensure that your goals (such as transferring the company to the successor of your choice and having your family receive full value for your ownership) are met whether you survive to see your business exit or not.