Exit Strategies
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What’s Your Exit Strategy? We Don’t Have One

What’s Your Exit Strategy? We Don’t Have One | Exit Strategies | Scoop.it
We didn’t start a business to get out of it. If you’re going to spend years of your life and an obscene amount of energy and time with a team you enjoy going into battle with, why would you think about the exit? With a team and vision like we have, why would we focus on the exit?
 
Murry Shohat's insight:

Yeah, you do have a strategy: wait for dumptrucks full of cash. And even if you've built serial succession into the business as the ongoing strategy, implementing exit tactics like a shareholder agreement is just plain smart.

 
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Asset Valuation, Business and Share Valuation Consultancy, Dubai, UAE

Asset Valuation, Business and Share Valuation Consultancy, Dubai, UAE | Exit Strategies | Scoop.it

Nowadays businesses are set up with a vision to attain a higher valuation and selling the business to relevant buyers. With such a shift, more organisations are seeking the support of business evaluators. 

 

PKF being an industry expert help in taking a well-informed decision. Visit: https://pkfuae.com/services/corporate-finance/valuations-of-businesses-and-shares/

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Building Company Value To Prepare It For Sale

Building Company Value To Prepare It For Sale | Exit Strategies | Scoop.it

Valuing a company is the easy part; creating that value in the first place so you can measure it is a more formidable task. Determining value is more art form than science. True value can only be established at the time of a transaction, where willing buyer tenders payment and willing seller accepts it in exchange.

Murry Shohat's insight:

Here's a hard, cold view of business value. EGS will warm it up for you starting with a courtesy consultation.

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Is it important to put an exit strategy in startup pitch presentation? - Quora

Is it important to put an exit strategy in startup pitch presentation? - Quora | Exit Strategies | Scoop.it

There are mixed views on the subject. I’ve came across multiple pitch decks where the exit strategy was outlined and decks where it was not. Did the quality of the entrepreneurial team change because of that? No not really…

 

Once it is decided to put in the exit strategy considerations it is best reflected to show how the market transactions within the space you are building your startup, this shows that you track the market and does not necessarily imply that you as an entrepreneur want a fast exit.

 

Murry Shohat's insight:

Pro's and cons are presented in this series of Quora answers. EGS advises the inclusion of an exit strategy in the business plan, not necessarily in the first pitch deck. Subsequent rounds? High visibility.

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It's Never too Early to Plan Your Exit Strategy 

It's Never too Early to Plan Your Exit Strategy  | Exit Strategies | Scoop.it

When you're still experiencing the exhilaration of founding a new business, planning an exit strategy may appear counterproductive and pessimistic. Still, it's possible to argue that your very first business plans should include your exit plans. An exit strategy doesn't have to invoke negative feelings at all. Instead, it can help you cement and realize your vision for your business better.

Murry Shohat's insight:

We're resurrecting one of our favorites because it delivers solid insight. EGS is ready to build your exit strategy even if you are starting late..

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Planning Succession In Family Businesses

Planning Succession In Family Businesses | Exit Strategies | Scoop.it

What makes family businesses more complicated than normal businesses is the fact that relationships are often emotional. Below are some tips to plan a proper succession of your family business:

Murry Shohat's insight:

This short article includes good insight and advice. EGS understands family dynamics. Let's consult beginning with a free initial evaluation.

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Four Tips for Developing Your Business's Exit Strategy

Four Tips for Developing Your Business's Exit Strategy | Exit Strategies | Scoop.it

1. Always plan well ahead

...you must plan your exit strategy from the outset. This helps shape the way your business unfolds. There will be a day when you plan to stop running the business. It’s better to leave the business voluntarily, rather than an exit being forced upon you, and preparation is important.

Murry Shohat's insight:

EGS applauds step 1. And commends the three other steps to your reading enjoyment.

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Protecting Yourself in a Business Partnership

Protecting Yourself in a Business Partnership | Exit Strategies | Scoop.it

Exit Strategies

Discords that are unable to be resolved can lead to the voluntary or forced exit of a participant. Plans should be established to handle the occurrence of such events. Additionally, accidents can happen to anyone and must be considered in a partnership. An exit strategy should be outlined in the unlikely circumstance that one of the partners is no longer able to continue due to disability or death.

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An exit strategy should be part of your small business tax planning

An exit strategy should be part of your small business tax planning | Exit Strategies | Scoop.it

... you need to develop an exit strategy so that taxes don’t trip you up when you retire or leave the business for some other reason. An exit strategy is a plan for passing on responsibility for running the company, transferring ownership and extracting your money from the business.

Murry Shohat's insight:

Here's an appropriate quick read that is completely useful for the end of the year, when tax rises like cream to the top of business thinking. Enjoy! EGS will continue to offer courtesy initial consultations in 2019.

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The "Earnout" as an Exit Strategy

The "Earnout" as an Exit Strategy | Exit Strategies | Scoop.it

Commonly used to either bridge a funding gap or when the future performance of a business is uncertain, an earnout allows the current business owner to receive a share of the future profits of the business for a specified period – usually between six months and two years.

Murry Shohat's insight:

Although usually best to avoid, an EARNOUT can be a useful tool in certain situations. Learn more with a courtesy consultation at EGS.

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Execution Strategies For Your Exit Plan Business Valuation

Execution Strategies For Your Exit Plan Business Valuation | Exit Strategies | Scoop.it

There is a lot of chatter in the IT community about exit strategies, M&A, and business valuations involving earnings before interest, tax, depreciation, and amortization — and they’re important discussions.

Murry Shohat's insight:

This article is a genuine gift, appropriate at this time of year. Enjoy! Then start the New Year with a call to EGS for a courtesy consultation leading to a highly effective exit plan business valuation... and a great deal more.

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Today’s the best day to plan for the future of your business

If you’re a small business owner, don’t underestimate the time required for succession planning. Reliable resources and professionals are available to help.

Murry Shohat's insight:

Written for the farming community, there's sage advice here for  family businesses. EGS fully understands succession. Contact us soon.

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The Biggest Mistake Business Owners Are Making Right Now

The Biggest Mistake Business Owners Are Making Right Now | Exit Strategies | Scoop.it

Perhaps the biggest mistake owners are making right now with regard to their exit planning is not having an answer to this question: "What are you waiting for?" Learn about the two potential ways to interpret this question, and find out why so many owners struggle to exit smoothly and happily.

Murry Shohat's insight:

"What are you waiting for?" EGS encourages business owners to overcome their own inertia. EGS hits the ground running for you, starting with a courtesy consultation.

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The ins and outs of a good exit strategy

The ins and outs of a good exit strategy | Exit Strategies | Scoop.it

Exiting your business should allow you a good retrospective look at what you have done over the years - and so planning the strategy early on will set you up in regards to what you hope to achieve. Upon exit, you should be able to say that you have done what you set out to do, financially and socially, and you have some energy left to do more elsewhere.

Murry Shohat's insight:

South African business insight here. We like it even though it's merely a fresh spin on our ongoing advice. Let EGS advise you now, beginning with a zero-cost consultation.

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Business Sale to Employee Part 1: Six Reality Checks

Business Sale to Employee Part 1: Six Reality Checks | Exit Strategies | Scoop.it

Are you considering a sale to a key employee among your succession plan options? If so, make sure to walk through the following reality checks:

 

  1. Would the employee make an effective business owner? The person you choose to take over your business should possess the motivation, risk tolerance, personality attributes and leadership qualities required of a business owner.
Murry Shohat's insight:

Can't wait for the next part. This is clear thinking. EGS believes in reality checks, and we start with courtesy consultation.

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10 Reasons Why Your Exit Strategy Is as Important as Your Business Plan

10 Reasons Why Your Exit Strategy Is as Important as Your Business Plan | Exit Strategies | Scoop.it

  A research study by Securian Financial exposed that 72% of small company owners have no exit method at all. The truth is it can take years to perform an effective exit, so the endgame requires to be in your mind from the start.

Murry Shohat's insight:

EGS agrees with the headline. Don't procrastinate. Skip the article and get in touch with us to swifly move the needle on your exit strategy.

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8 Questions You Most Likely Will Be Asked When Selling Your Business | BizBen Blog & Articles | BizBen.com

8 Questions You Most Likely Will Be Asked When Selling Your Business | BizBen Blog & Articles | BizBen.com | Exit Strategies | Scoop.it

When selling your small business, you'll be bombarded with questions - from the brilliant to the ridiculous. You need to be prepared. Here are some of the key questions you can expect to be asked.

Murry Shohat's insight:

Interesting questions. But businesses need to prepare for the professional questions, too. EGS has your back, starting with a courtesy consultation.

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Ten Things to Do To Prepare To Sell Your Business

Ten Things to Do To Prepare To Sell Your Business | Exit Strategies | Scoop.it

If you want to sell your business, be sure to check the items on this list prepared by Loren Schmerler, CPC, APC the founder and president of Bottom Line Management. Loren is a founding member of the Georgia Association of Business Brokers as well as an experienced business broker.

Murry Shohat's insight:

Just 10? Actually, this is a good review of the tactical thinking process that should go into getting a business ready for sale. At EGS, we advocate a lot of this as strategy, years ahead of the need.

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Succession planning: new ownership for your business | Business Link

Succession planning: new ownership for your business | Business Link | Exit Strategies | Scoop.it

Find the exit strategy that's the best fit for your business and situation.Three common options for exiting a business:
- Passing the business on to a successor
- Having managers or employees take over ownership
- Selling

Murry Shohat's insight:

Short check-list article includes clear think. That's what we do at EGS, and we start with a courtesy consultation.

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5 Reasons to Work With a Small Business Coach to Form Your Exit Strategy

5 Reasons to Work With a Small Business Coach to Form Your Exit Strategy | Exit Strategies | Scoop.it

Ideally, you should have at least a one-year head start on forming an exit strategy. That’s how long it takes to create a comprehensive succession plan, set up all the proper paperwork, and turn things over to the next leader. Don’t have a year? You need extra help.

 

Murry Shohat's insight:

EGS doesn't use the word "coach" to describe our one-stop exit services. But coaching is often a key part of the job. We begin with a courtesy consultation.

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How to Put in Place an Exit Strategy To Maximise Value - Business Achievers | Extend your business network and get support to help your business grow

How to Put in Place an Exit Strategy To Maximise Value - Business Achievers | Extend your business network and get support to help your business grow | Exit Strategies | Scoop.it

The exit challenge requires a choice to be made between two fundamentally different exit objectives:

  1. The business as a vehicle for creating wealth for many generations to come or in other words for ‘family succession' or
  2. The business ready for ‘value realisation' within a planned period of time via an exit mechanism such as a Trade Sale.
Murry Shohat's insight:

Good checklist article to begin the year. There's a lot here. Take advantage of EGS' initial courtesy consultation to cut through the noise.

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Is 2019 Your Exit Year?

Is 2019 Your Exit Year? | Exit Strategies | Scoop.it

EGS has high hopes for 2019.

Murry Shohat's insight:

Is 2019 Your Exit Year?

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Planning a good exit: 5 Year Effort

Planning a good exit: 5 Year Effort | Exit Strategies | Scoop.it

In our experience, business owners should start getting their house in order five years before they intend to leave their business.

Murry Shohat's insight:

Five years lead time is a minimum for most robust businesses. EGS preaches "begin with the end in mind." But if you haven't, we know how to bootstrap a powerful exit. Courtesy consultation, anyone?

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Within 10 years, 72% of small business owners plan to exit

Within 10 years, 72% of small business owners plan to exit | Exit Strategies | Scoop.it

Eighty-one per cent of owners intend to sell or transfer their business to retire, although only a fraction of them have started planning for their departure. The survey says 51 per cent have no plan at all, while only eight per cent of respondents have a formal written plan and 41 per cent have an informal plan.

Murry Shohat's insight:

This Canadian small business survey is also accurate for the U.S. If you are like a majority of small business owners, you don't have an exit plan. EGS will fix that fast, starting with a courtesy consultation.

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Why Selling A Startup For $20 Million Can Be Better Than Selling It For $200 Million

Why Selling A Startup For $20 Million Can Be Better Than Selling It For $200 Million | Exit Strategies | Scoop.it

It sounds impressive when a founder sells a startup for tens of millions of dollars. But it sounds really impressive when a company sells it for hundreds of millions of dollars. As a founder, which option is better? For many, a smaller exit should be the desired outcome.

Murry Shohat's insight:

Counterintuitive, right? Keep reading this interesting article. Together with EGS planning, we can help you make the right exit decisions.

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How to Build a Business with an Exit Strategy in Mind

How to Build a Business with an Exit Strategy in Mind | Exit Strategies | Scoop.it

Want to build a business and cash out big? Here's a small business exit strategy example that starts before the first day you open your doors.

Murry Shohat's insight:

Here's a business that began with the end in mind. This is an interesting case study, worth your time. Also worth your time is a courtesy consultation with EGS to bootstrap your exit plan.

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