Exit Readiness – Have you Thought About This?

Owner Readiness:

The primary goal in evaluating a transition or exit is to understand and clearly define the WIN for the Owner. The WIN is different for everyone and often centers around health, legacy, boredom, new opportunities, or retirement. It is critical to be clear on the exit goal to make the best decision and develop the right exit path.

Business Readiness:

The key for the maximum sale price is to know what buyers are looking for and understand that they are sophisticated and well-educated about the transaction process. Buyers look for risk areas and the more they find, the less they offer.

Market Readiness:
Market conditions are a key element to determining the value of the business, the structure of the deal and makeup of the ideal buyer. Although the market is not controlled by owners, being aware of the market conditions allows owners to design a strategic plan around being ready for the ideal market conditions. The timing of any transaction must be carefully thought out to ensure that the company is ready whenever the market provides the highest value. The key is to manage the business with this exit in mind and develop a strategic plan to maximize the sale value. If market conditions do not align with the owner’s timing, there may be a need to put an interim plan in place to build value until conditions turn. We evaluate market factors only as they relate to the exit process and further determine how the current state of the market fits into your exit options.

Speakers

Andrea Steinbrenner

Chief Executive Officer, Exit Consulting Group, Inc.

Andrea Steinbrenner is the Chief Executive Officer at Exit Consulting Group, Inc. (ECG). An experienced, versatile executive who has worked across a multitude of industries throughout her career, Andrea’s objective is to leave businesses better than she finds them and works hard to provide her clients and companies with their best possible outcome.