Someone is sitting in the shade today because someone planted a tree a long time ago. – Warren Buffett 

Exit Planning is a process of controlling a retirement strategy. It’s about Reducing Risk, Preserving Wealth and Maximizing Value. 

As the pyramid above illustrates, more than 5 million businesses with 1 to 19 employees exist in the Unites States today.  For the business owners of those businesses, retiring well and exiting properly will require extra planning. At the outset of the exit planning process, the exit goals will be impacted by the financial and mental readiness of the owner.

Where is the exiting business owner on the Questmont Exit Readiness Scale?  Financially or Mentally motivated? Both? And, how do you determine where the business owner is on the readiness scale?

Figuring out where the business owners are plotted on the readiness scale is no easy task.  To do so, business owners have a lot to consider, including:

• What will they accomplish with their exit?
• Does the Exit plan include selling the business?
• Do they know what portion of their wealth is tied to the business?
• How important is it to leave a legacy to their employees or family members?
• Where do they see themselves in 20/10/5/2 years?
• Has the amount of net proceeds required to satisfy the owner’s estimated financial expense after the exit been measured?

The Exit Planning Process:

At Questmont Strategic Wealth Advisors, we offer a customized comprehensive approach to exit planning, starting with the Exit Readiness Scale. Our process allows the business owner to leave on their terms, maximize the value received from the business, and will direct the business ownership and other assets to the people you choose in the manner you choose.

Questmont helps coordinate the businesss owner’s Advisory Professionals, which usually consists of a CPA, Attorney, Insurance Agent, Valuation Expert and Business Broker.

With an effective exit strategy in place, the business owner can focus on the logistics of running their business, and rest easy knowing they are prepared for their future.  To get the best result when exiting a business, owners need a team like Questmont that is skilled in the process.

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

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