Do you have an Exit / Transition plan in place?
A bad exchange can cost you the race…

​Whether you are transferring to a family member, selling to and insider, or going to market you need to plan in advance.  At least 3-5 years and with some strategies maybe longer.  Unfortunately, when the time comes, only a small fraction give themselves enough time.
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Most Baby Boomer Business Owners haven’t given much thought to how they will exit their business. 

• Only 38% of business owners think they have identified all the steps necessary to successfully exit their business.
• Only 15% have hired and trained employees to successfully take over their business.
• 10% have done nothing to prepare.
• Only 8% have something in writing.

  Source: The Business Enterprise Institute – 2014 Business Owners Survey

An alarming fact is that about 20-25% of companies that wish to sell ever succeed at getting full value.  All too often many close their doors or liquidate for a fraction of what they could have gotten.  The secret is to make your company sellable long before you ever consider selling or transitioning!​

​Advanced Business Advisors is focused on helping business owners get the most out of their life’s work.  We work with you to prepare and get the best deal in a complicated market, allowing you to continue to do what you do best – run your business.  

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Exit and Succession Strategies include but are not limited to:

• Transfer, gift or sell to a family member
• Sell to a key employee or management
• Sell in the open market
• ESOP (Employee Stock Ownership)
• IPO (Initial Public Offering)
• Liquidation and/or Close down