After the years of hard work growing your business it is of the utmost importance to avoid mistakes when the time is there to leave your business.

 

Remarkably, many former business owners report they regretted that leaving their business did not achieve their personal or business objectives. Research shows that former business owners admit they did not understand all of their options, were unable to make informed decisions, and did not know where to turn for advice and correct information.

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Common mistakes include:

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• Not knowing when to exit their business

• Being reactive rather than proactive

• Missed strategic opportunities

• Not knowing the value of their companies

• Not knowing where and how to find successors or buyers

• Paying too much in taxes when selling their companies

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A well-developed exit strategy shows you, as a business owner, how to maximize the value of your business and minimize taxes. It also ensures that you will achieve all your personal and financial objectives in the process. B.A. Boss helps business owners define and implement exit strategies. A well written exit strategy is a comprehensive road map that enables business owners to successfully exit a privately held business. The exit strategy asks and answers all the critical questions that business owners and their advisers must consider when the time has come for them to leave a company.

 

An exit from a business can mean the following:

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• Succession by a family member;

• Contract new management;

• Looking at a management buy-in (MBI);

• Looking at a management buy-out (MBO);

• A merger with a competitor, supplier or client;

• Selling the company;

• Selling the assets;

• Liquidation of the company;

 

We make the transfer of ownership as smooth as possible and allow current and future owners to focus on the business itself, by overseeing all the necessary steps to realize the chosen exit route.