Successful businesses start with a sound Business Plan and grow with Strategic Planning. Yet most business owners don’t have a formal Exit Strategy.
An Exit Strategy will help you exit your business on your terms! Many business owners exit their businesses due to one of the “5 Ds” – Death, Disability, Divorce, Distress and Disagreement. The 5 Ds can happen to anyone. Without an Exit Strategy, such an exit would not be on your terms.
An Exit Strategy is designed to:
• Give you control over how and when to exit
• Maximize the value of your business
• Minimize taxes.
Exiting a business is complicated and involves issues and challenges that vary greatly from those associated with operating the business. Accordingly, most business owners need outside help to create a sound Exit Strategy.
Each business is unique! Durant Business Advisors recognizes that fact. Accordingly, we will develop a tailored proposal for your business from the high-level outline of our exit planning process.