Business Owners Need to Plan an Exit Strategy

Jun 7, 2017 12:45:00 PM By Taylor Ranker

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Taylor Head Shot 0217.png70% of private business owners report that their business is their primary source of income; yet, only 20% of small businesses are successfully sold to an outside buyer.

Over the next months, I plan to share some thoughts and disciplines around business plans for exit strategies, employee retention during ownership transition, selling your business to the right buyer and other relevant subjects around eventually exiting your business. It's my hope that you will find these tools helpful, whether you are a get me out now business owner who is feeling the burn or, an "exit over time owner who is just thinking "how do I go about selling my business?"

Questmont’s definition of an exit strategy:

“The written goals for the succession of a business’s ownership and control, derived from a well-thought-out and properly timed plan that considers all factors, all interested parties, and the personal goals of the owners in a manner and time frame that accommodates the business, its shareholders, potential successors and/or buyers.”

Let me say clearly, this does not say, "sell your business

Please contact us TODAY with questions or to schedule a confidential appointment.   

Learn More About Questmont

RankerTaylor_Thumbnail.jpgAs Founder and President of Questmont Strategic Wealth Advisors, Taylor enjoys putting his 20+ years of experience to use by helping a select group of families discover their life’s dreams and ambitions, then consulting with them on how to make it happen. Taylor takes great pride in being authentic and developing life long relationships with his clients.

Filed Under: Financial Planning, business owners, cashing out

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