Business Consulting
Are you ready to leave your business?
Our Process
Phase 1
Taking stock of where you are and where you want to be
The first step in the process is taking stock of where you are today and what your goals are for tomorrow. We can do a valuation to help determine a ballpark figure for the worth of your business, as well as how your key performance indicators compare to the rest of your industry. Next, we help you determine potential buyers for your company. Potential buyers could be a family member, member(s) of the management team, a competitor, or even an outsider who is eager to enter your industry/market. We also analyze the skills and day-to-day roles of you and your key employees and help you know what you want your future role, if any, to be.
Phase 2
Design of the exit plan
Next, we compare what you described as your ideal future role to your company’s current position. We’ll help you identify changes that could be made to help increase the value of the company and potentially increase the likelihood of the company’s success after you step away. In this stage, we’ll also work with tax professionals to determine the tax implications of different strategies and discuss effective ways to quietly and privately promote your company’s sale. Lastly, we tie our recommendations to benchmarks to make sure that the process stays on track.
Phase 3
Implementation and Maintenance
Implementation requires involvement of many different skill sets. We believe that if you want to get full top dollar for your company, you will need special lawyers and maybe an M&A team. There may be confidentiality agreements to be drafted, HR work to be done, and changes to the accounting process. Our expertise is at delegating while helping keep the overall project on track, so your 3-year plan doesn’t turn into a 5-year plan. While we hold everyone accountable to the benchmarks, we set in Phase 2, you stay informed every step of the way and can still focus on running your business.
As Lieutenant General and former Deputy Director of the CIA, Vernon Walters, once said, “Uncertainty is the most chilling thing of all.” To help reduce the uncertainty you face with your largest asset, consider a complimentary consultation today.