Accelerate your business through exit strategies.
Join successful business owners in using one of the most critical forms of a functioning business - An Exit Strategy
Business Acceleration Methods - Exit Strategies
Failing to plan is planning to fail. Many business owners I coach have no idea how to plan an exit strategy for their business. Are they leaving their business to their family? Are they selling their business for a profit? Or will it dissolve on its own? Do you have an exit plan for your business or are you planning on business failure? Here are some of the methods used by entrepreneurs to exit their business. One of the biggest mistakes I made was passing up the opportunity to sell my consulting firm for $40M. When the call came about a potential offer, I didn't believe it. Why? Because I never thought about how I was going to exit this business so when I was approached, I wasn't even prepared to discuss the opportunity. Don't be unprepared. Be ready for that golden moment. Here are some of the exit strategies I experienced and will share in my webinar.
- Merge with another company. For bigger companies, it's a more efficient and quicker way to grow
- Initial Public Offering. This is a quick way to sell some stock; however, shareholders can be demanding and liabilities can be high.
- Sell to a friend. This is different than a merger, since it is not combining two business entities into one.
- Absentee ownership. Hire someone to run the business for you while you retain ownership and enjoy the annuity.
- Liquidation. A simple process to close the doors and liquidate any assets.
- Form an ESOP. Sell into an employee stock ownership program where the employees buy the company.
- Natural catastrophe - where the market you are in implodes for any of various reasons
LET ME HELP YOU PLAN HOW TO LEAVE YOUR BUSINESS AS A LEGACY.
Email [email protected] to schedule a complimentary one-hour session to discuss how an Accelerated Exit Strategy can help increase the value of your business before you exit.
Prominent entrepreneur, author, and business consultant Darlene Ziebell is excited to be writing this blog to help others navigate the world of business. This blog is one of several initiatives she has already launched to help entrepreneurs prepare for and overcome challenges in running a business. Darlene bases her methods on lessons learned from her own companies and hundreds of consulting clients.
She is a former CEO, Director, and public speaker. In addition to her MBA from Kellogg School of Management at Northwestern University, her extensive career consists of practical experience bootstrapping four startups and advising the Fortune 1000 as a management consultant.