This document discusses the importance of exit strategy planning for business owners. It outlines that an exit strategy allows owners to realize the full value of their business, secure their finances, and have freedom and control over their decisions. Developing an exit strategy involves fully reviewing the business, owners, employees, finances, and creating a detailed action plan. It is best to begin planning an exit 3-5 years before the targeted sale date to ensure a smooth transition and maximize value.

1. Exit Strategy Planning September 2008 Realising the Full Value of Your Business Realising Business Value

7. Does exit seem like an impossibility? Unrealistic Expectations Poor Pension Arrangements Good Profits Fear of Unknown No successors in place Ambitions No personal plans Pride/Identity Responsibility for Staff Trapped by the business

10. What is involved? Full review and guidance on Realising Business Value You & Your Company People Personal & Corporate Finances Business

11. Review Business Realising Business Value Shareholder's Objectives Business Plan Competition Market Company Key Issues (SWOT) Detailed Action Plan

13. Review People Company Realising Business Value Management Development Succession Planning Basics (employment law) Engagement Communication Performance Management Employee Well-Being Retention ‘ Employer’ Brand Compensation & Benefits