Exit Planning is a major focus for VR Business Sales | Mergers & Acquisitions because of the major impact it has on the firms who deploy it. After starting up the Baton Rouge office, we realized how unprepared many firms are for the sale or other transition of their business. Two things were happening in our view - either the Seller was leaving a lot of money on the table because of the way the business was currently run or they could not sell at all, which happens to the majority of all firms who are listed. In addition, most sellers had unrealistic expectations.
We determined to do something to help the owners transition more successfully and achieved certification from the Exit Planning Institute, one of the premier exit planning organizations in the world.
So what exactly is exit planning and why is it beneficial to me. First, exit planning is defined by Wikipedia(1) as “the preparation for the exit of an entrepreneur from his company to maximize the enterprise value of the company in a mergers and acquisitions transaction and thus his shareholder value, although other non-financial objectives may be pursued including the transition of the company to the next generation, sale to employees or management, or other altruistic, non-financial objectives.
As you can see it is a very broad definition that encompasses a lot of things. So give us a call. See how Camm who is a Certified Exit Planning Advisor and his Team can help you transition you business as John Brown, author of the book Exit Planning-The Definitive Guide(2) says “Sell your Business when you want, for the money you need, to the person you choose.”