0336 - Building an Exit Strategy for your Business

Course Description

Have you started planning for the eventual exit of your business? Planning should begin years in advance. Having a defined strategy can help you build a more valuable company, have stronger personal financial plans and ensure it aligns with your personal goals. This workshop is designed to give business owners a knowledge base, vocabulary and an understanding of the process to create a thorough exit strategy. Whether you plan to transfer ownership to family members, sell your business or close your business, this workshop is designed to build a foundation of understanding for the eventual transfer of a business owners’ biggest asset – their privately held business. Key concepts include: business valuation, determining the right exit strategy, 3 things you can do to add value to your business to get ready for a sale, and getting your business ready for transition after a sale. 

Learner Outcomes

• Understand business valuation - what is your company worth?
• Define goodwill and  know how it affects the sale
• Identify the various ways of exiting your business
• Navigate the sales process
• Identify a team of professionals to help sell my business
• Prepare your business for sale