Exit Foundations
The first step in developing an Exit Plan involves identifying owner Objectives. Owner Objectives can take many forms but most commonly include legacy concerns, taking care of key employees and stakeholders, fulfilling commitments to family, and satisfying the owner’s financial plan.
It is not unusual for an owner to want to continue working indefinitely which is why developing wealth outside the business is so important.
Exit Planning Part 1
Exit Planning Part 2
The second part of an Exit Plan involves analysis of the Exit Foundations to see what must be done in each. It will identify important exit tasks in each area that need completed to create your best outcome. This is the technical part of the Exit Plan.
- Shape your legacy & avoid costly mistakes
- Minimize taxes on sale & maximize your wealth
- Have a contingency plan & protect a lifetime of hard work
- Take care of key employees, family & other stakeholders
The 2% Club Advantage
The Five Foundations of Financially Successful Small Business Owners: The 2% Club
Strategy #1
Understand Business Valuation
Strategy #2
Use Tax Strategies That Build Wealth
Strategy #3
Develop Investments Outside Your Business
Strategy #4
Stay Informed About Exit & Succession
Strategy #5
Protect Your
Wealth
