Exit Planning

Every owner will experience a business exit. Half will be forced to exit by one of the five Ds:

Death
Disability
Divorce
Distress (Financial)
Disagreement with partners

Against All Odds

For most business owners, selling a business or transferring leadership to the next generation is a once-in-a-lifetime event. It can be exciting and rewarding, but it can also be scary, frustrating, and culminate in failure. Consider these alarming facts:

80% of privately-owned businesses offered for sale do not sell
75% of owners that sell their business profoundly regret selling 12 months after the sale

Only 33% of family-owned businesses survive from one generation to the next.

Obstacles to a Successful Sale

Only 5% of owners that try to sell their business end the process with a smile. The reasons for these dismal results include:

Unrealistic expectations of business value
Business is seen as too risky for investors

Owner not emotionally prepared to exit
Lack of transaction experience

Reasons Family Leadership Transitions Fail

These are the common causes of failure in family leadership transitions:

Inadequate training of next generation leaders
Lack of strategic planning
Failure to address chronic weaknesses

Family discord
Insufficient tax planning

Steps to a Successful Exit

Successful transfer of ownership is neither simple nor guaranteed. Crown Value helps business owners beat the odds with a well-designed exit planning process. We help owners identify, plan for, and achieve their personal, business, and financial goals.

The exit planning process has the following 4 basic steps:

Initial Phase: Fact finding, business valuation, personal financial planning, and personal goal evaluation.
Creation of an exit plan identifying the goals, steps and timeline.
Implementation of the exit plan
The exit

Exit planning takes time. Ideally, an exit planning process requires several years. To be worthwhile, you need at least six months.

Schedule a Сall