Kickstart your exit planning journey with an overview of the process and its significance. Understand the comprehensive steps involved in exiting a business, the importance of early planning, and how to align your exit with personal and business goals. This session sets the foundation for a successful exit strategy, emphasising the value of preparation and strategic thinking.
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Session recording will be loaded here within 48 hours.
An optional multiple choice assessment is available to check and test understanding.
Key Learning Points from Session 1
- Inevitability of Exit: Every business owner will eventually exit their business, akin to the certainties of death and taxes. The focus is on how and when the exit occurs.
- Common Goals: Both sellers and buyers aim for a reliable and desirable outcome, paralleling the process of buying a car, where minimising risk and ensuring quality are paramount.
- Desirable Business Attributes: A business ideal for exit has profitable performance, good management, scalability, legal compliance, competitive edge, diversified customer and supplier base, and no HR issues.
- Statistical Realities: The journey from starting a business to successfully exiting is fraught with challenges, with a significant number of businesses not surviving or becoming non-saleable.
- Strategic Planning: Success requires a well-thought-out plan encompassing personal, business, and financial goals, alongside preparations for due diligence and valuation to make the business attractive to buyers.
- Comprehensive Approach: The program advocates for a systematic approach to exit planning, covering wealth planning, de-risking the business, understanding valuation methods, and ensuring the business’s appeal to potential buyers.