Your first step is to review your financial objectives as it relates to your long-term financial and estate planning goals (as designed by your financial planner). You need to analyze whether an exit at a point of time will meet the objectives you set.
The next step is to complete a business valuation. You can get a simple business valuation assessment (which is complimentary at no cost) or a more thorough valuation using 8 different valuation parameters. View more information regarding business valuations.
The valuation will give you an estimated market value of your business. The question is whether the value meets your financial objectives. That become a decision point on what direction you might want to take.
If the valuation meets your financial objectives, you can move forward with an exit plan. There are 3 exit options:
1) Family succession;
2) Employee takeover;
3) Direct sale.
Exit Using the Direct Sale Option:
You can review our 9-step program that ranges from preparing your company for the sale to closing the deal. Download our summary sheet for reference. Note that the first four steps are complimentary - meaning no cost or obligation.
If the valuation fails to meet your financial objective, then you need to analyze your business fundamentals to increase the valuation. Analyze your marketing, finance, operations, and other business functions.
You can find some nice tools (FREE for the taking) that summarize our services and expertise:
• Exit Planning Model
• Prep Your Business
• More Helpful Tools
Let us help you with your exit plan to understand exactly what you need
Krayton M Davis
Executive Principal
571-306-3590 (DC)
804-527-1103 (Richmond)
info@cfone.com