EXIT PLANNING
EXIT PLANNING FOR BUSINESSES & CORPORATIONS
FocalPoint coaches work with some of the top companies in the U.S. and the world, helping them plan and strategize how to grow to new heights. Locally, we are headquartered in West Chester, OH and serve the greater Butler County area, including Cincinnati, Mason, Blue Ash, Sharonville and beyond.
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Are you an entrepreneur who needs professional development of an exit strategy plan? FocalPoint Business and Executive Coach of West Chester, Ohio, Todd Eppert, is available to assist local business owners and entrepreneurs in crafting a comprehensive exit plan. Leave your business confidently in financial security and with a successful transfer of ownership on your terms.
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WHAT IS AN EXIT PLANNING COACH?
An exit planning coach guides business owners in preparing for their next phase of life. By hiring an exit planning coach, business owners strategize to reduce potential tax burdens, create optimal business value, define their stipulations, and receive optimal financial returns upon leaving their business. An exit planning coach will also assist entrepreneurs in establishing a business legacy by choosing a familial successor.
WHAT DOES EXIT PLANNING MEAN?
An exit plan is a process of transferring stewardship of your company. Common exit strategies include selling stakes to an investor or firm, liquidation, passing your business on to a successor, or employee or management buyouts. Developing a business exit strategy will be customized according to the financial status and value of a client’s business and their personal and professional stipulations. Creating an exit plan also reduces losses when/if their business experiences decline.
WHY IS IT IMPORTANT FOR BUSINESS OWNERS TO PLAN FOR AN EXIT STRATEGY?
While a business strategy is to begin optimally running your business with purpose and direction, an exit strategy is critical in leaving your business in optimal standing. For entrepreneurs across all industries, the end goal of retirement hinges on having an effective business exit strategy. Business owners must secure their earnings while reducing tax burdens or loss of cash due to decline.
WHAT ARE SOME ELEMENTS OF A SUCCESSFUL EXIT STRATEGY PLAN?
- Setting an exit goal: clients will decide how they want to exit their business. For example, many entrepreneurs set a final revenue goal to initiate an exit date.
- Valuation: an exit planning coach helps clients learn their business value and strategize improvement to appeal to their ideal prospective buyers. Coaches create a strategy for your business to reach the optimal sales value needed to fund your exit.
- Improve profit: using financial assessments such as our Comparative Benchmark Report and Projections Report, an exit planning coach will create an action plan for financial goals to remain competitive in the marketplace and create a 5-10 year projection of your growth.
- Funding your exit: your exit planning coach will assist you in settling debts, reducing expenses, managing assets, and exploring cash injection options.
- Employee Development: top prospective buyers value competitive companies with capable teams. An exit planning coach will use behavioral assessments and strategies and create employee performance plans to help you run a highly productive company.
Entrepreneurs seeking the expertise of an exit planning coach can contact Todd Eppert. Todd is available to serve the greater Cincinnati, OH, residents in West Chester, Mason, Blue Ash, and Sharonville. To book a consultation, call 513-543-7271 or email him at teppert@focalpointcoaching.com.