Exit Planning Q&A with Bill Quish, Certified Exit Planning Advisor
I have an estate plan. Why do I need an exit plan? An estate plan is just one important segment of a comprehensive exit plan. A well designed and implemented exit plan is a powerful and valuable business and personal planning tool. It represents the roadmap a business owner should follow as he/she prepares to exit the business. Exit planning puts a business owner in charge of his/her legacy. Leaving the legacy you want is an entrepreneur’s final test. An owner’s legacy is the achievement of all his/her personal, business, financial, family, retirement, charitable and community involvement goals. Properly approached, an exit plan helps the owner define and successfully execute all of these goals.
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5 Ways to Build Value in Your Company
As a business coach, I often ask my business owner clients the following question: “What’s the biggest sale you will ever make?” After thinking about their largest unsold prospect, they eventually realize that the most important sale, with the most impact on their lives, will be when they sell their company.
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The Cards are Stacked in Your Favor
If you tried to sell your business between 2000 and 2004, you probably had a difficult time finding a qualified buyer who was willing to pay a fair price. Part of the problem was that no one wanted to buy, cash was not readily available, and interest rates were unattractive. Or, perhaps your sales or net income might not have been as impressive as they had been a few years earlier. In short, it was not the best time to sell. But that’s all changed.
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Exit Planning - A Case of Inconsistent Goals
Meet Ben. He’s a business owner like
many of you with dreams of one day passing the family business on to his son. After
that, he wanted to retire happily, after spending the past 30 years carefully
and skillfully building the business.
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Certified Exit Planning Advisors (CEPA) and Acquisition Specialists
Jack Lyons and Bill Quish are part of an exclusive group of fewer than 100 business advisors worldwide who have received the Certified Exit Planning Advisor designation. They are uniquely positioned to guide you through an Exit Planning process that is designed to accomplish your personal, business, financial, charitable giving, legacy and retirement goals. A customized Exit Plan can provide a significant return on investment when you sell your business.
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About This Newsletter
Lyons Solutions is pleased to bring you this monthly newsletter devoted to topics related to the important field of Exit Planning. This and future issues will contain information and articles written by Lyons Solutions and other Certified Exit Planning Advisors. Please feel free to forward the Newsletter to your clients and associates.
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