What is exit strategy planning?
Exit strategy planning is for business owners who want to realise value from their business and potentially take a step back in day-to-day management. Contacting an advisor like PEM Corporate Finance to review your business and put an exit strategy together can tell you what options you have and what this process will entail, to allow you to get the most out of your hard work. This exit plan will include a current valuation of the business and will identify actions that can help maximise value and achieve your personal objectives. It’s also an important step for checking timescales to exit and ensuring that the business is in the best shape to achieve growth and/or realise your exit aspirations.
Why do you need an exit strategy plan?
Understanding the preferred route to exit can help you achieve clarity and peace of mind, no matter how soon or how far off the planned exit may be. It will provide insights into how the business is valued, as well as some key strategic actions to work toward. A good exit strategy plan can also help to align the stakeholders of the business, to ensure that a smooth exit process and seamless transition is achieved.
Where would we start? Our process starts with an in-depth fact find meeting to understand your personal objectives and form a view of the business from a strategic, operational, and financial perspective. This will ensure the exit strategy plan is tailored to your needs and provides the context for our valuation and analysis.
The next steps
The purpose of exit strategy planning is to get beneath the bonnet of the business and understand what might add or detract from its value.
Once we have prepared your exit plan, we will meet with you to present it and agree your goals and next steps. After a suitable period (typically between 6-18 months), we would meet again to check progress against the strategic targets set.
Want to know your exit options? Contact us today to discuss your exit goals and find out how our strategy planning could help you.
Our exit strategy plans typically include the sections detailed below, but can be tailored to suit your unique circumstances:
