Planning for the Exit – and Beyond
When you own and actively run a business, life can often feel like you’re standing on a wobbly three-legged stool where the legs represent your business, your personal life, and your financial situation. If any one of those legs is out of alignment, you’ll be flat on your back in no time.
Many business owners have a lopsided stool because they focus too much of their time on their business, neglecting their personal goals and financial needs until the 60- to 80-hour work weeks are behind them.
Barnes Dennig’s Exit Planning service offering helps owners refocus on all three legs of the stool in the short, medium, and long term.
Our Certified Exit Planning Advisor (CEPA) team can help you build a more valuable company, have stronger personal financial plans, and align your personal goals. Do you want to leave the business to your children or grandchildren? Do you want to retire early and move to the coast? Do want to take your business only so far before selling it and starting something new?
We’ll help you continue to build the value of your business, manage your personal wealth, and take steps toward the future that’s right for you.
Working with the Barnes Dennig Exit Planning team often looks like this:
- Discovery: We’ll assess your business’s current value and your personal wealth while taking time to understand your post-exit goals.
- Benchmarking: We’ll compare your business to other best-in-class businesses.
- Planning: Together, we’ll build a tailored plan to maximize your strengths, address improvement areas, and accelerate your business’s value as you move toward your exit transition.
- Monitoring: We’ll help you keep tabs on your progress and help set and reset your goals throughout the process.
Here’s a quick video overview of exit planning.
Can’t watch the video? Get the transcript.
Wherever you’ll be in three, five, 10, or 20 years, a thoughtful exit plan can take you there. And we’ll make sure you have the advice, tools, and resources to see it through.
Every situation is different. There is no single answer for planning your exit, and we’d never try to sell you on a one-size-fits-all solution. We can help business owners get the business, personal, and financial paths right for them.
Through a consultation with our CEPA, you’ll tap into the wealth of knowledge across our firm. Our valuation professionals, tax specialists, and wealth managers can help build and execute your Exit Plan for succession, sale, and retirement.
The sooner you start thinking about your exit, the sooner you’ll stabilize your wobbly stool and secure your future—whatever that may look like for you. Get the conversation started. Contact us – we’re here to help.
