BUSINESS ADVISORY
CONSULTING...EXIT PLANNING...BUSINESS ANALYSIS
Most businesses eventually need assistance from qualified and experienced professionals to reach their true potential...We offer a full range of business consulting and marketing services to small and mid-sized businesses. Our competencies include new business start-up assistance, turnarounds, exit strategy planning, as well as other critical business management areas necessary in running a small to medium sized business. In addition, we have relationships with complimentary professional firms to handle almost any business challenge a small business owner can experience.
Experienced Business Analysts
Choose Experience, Knowledge, and Results ...don't Settle for the Mediocre...
Even if you aren't contemplating selling your business, it is always worth critically examining the fundamentals of the business and obtaining an assessment of its value.
Also if your'e contemplating and exit the right strategy is about maximizing the value of a business, step by step, now and for when you want to leave. Most owners want to minimize their tax consequences, for instance, but this tactic reduces the maximization of value. This is one of the significant steps that may need attention.
Do you want to retire to some island paradise, or do you plan to hang around after the sale? Do you want one of your colleagues or children to take over? How does that affect the amount of money you can expect to get up front? Is your business one where your personality and abilities are critical to the value of the company? You may need time to hire and train key people, and gradually put more distance between yourself and the company.
Exit Planning...Transition Planning...Succession Planning
Waiting till its time to depart your company is no time to plan an exit strategy. Surprises happen. Having an exit strategy enables you to function when the unexpected happens.
The phrase "exit strategy" sounds final, as though you have decided to sell your business tomorrow. But, for most business owners, this strategy is not only about where they want to be in five years, or twenty years, it's about planning for success when they're ready to sell.
Plans to sell your company should really be made at the time of start-up. If you have a goal in mind, you'll be focused on maximizing profits and building a future. Dreaming of financial security or preparing to be financially secure...it's the same concept, but one works and the other doesn't.
Many owners of closely held businesses hope to pass their businesses on to the next generation of family leaders. If that's what you're planning, you should have begun grooming a successor during the years your business was maturing. If not, start today! it's a process that can take years.
Business buyers are paying for the right to the future cash flows the business will generate. These cash flows must be significant enough to justify the purchase price, which is often based on a multiple of those projected cash flows. It is therefore vital to document the reasons you expect future cash flows will reach a certain level. It invariably means careful record keeping, well-written documentation and thorough marketing and financial plans.
