What Is Exit Planning?


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What Is Exit Planning?

  1. 1. SunExit Advisors<br />Business Transition Planning<br />What is Exit Planning?<br />
  2. 2. Are you ever awake at night, wondering: <br /><ul><li> What is my business worth?
  3. 3. When do I want to stop working?
  4. 4. Will the proceeds from a transfer fund my retirement?
  5. 5. Does it make sense to turn things over to my children?
  6. 6. Who’s going to run things if something unexpected happens to me? </li></li></ul><li>Commontriggers that cause owners to leave their business:<br /><ul><li>Burnout
  7. 7. Illness,orDeath
  8. 8. Cash Flow Problems
  9. 9. Adverse Market Conditions</li></ul>…Is This YOUR Exit Strategy?<br />
  10. 10. There may be 50 ways to leave your lover, but only 6 basic ways to leave your business:<br />Sell to an outside third party<br />Transfer to a family member<br />Sell to co-owner(s)<br />Sell to key employee(s)<br />Go public<br />Liquidate<br />What road are YOU on?<br />
  11. 11. “Begin With The End in Mind”<br />Transition planning is a process, not a single event. It takes time for:<br /><ul><li>Building and sustaining value
  12. 12. Strengthening the management team
  13. 13. Implementing tax-saving strategies
  14. 14. Developing a gradual transfer process</li></li></ul><li>SunExit Advisors<br />We provide counsel and resources that support our clients’ Succession-Readiness:<br /><ul><li>Personally
  15. 15. Financially
  16. 16. Operationally </li></ul>“Good fortune is what happens when opportunity meets with planning.” <br />-Thomas Edison <br />
  17. 17. We help Business Owners create a written exit strategy that can assure:<br /><ul><li>A more predictable future
  18. 18. Value maximization
  19. 19. Higher likelihood of success
  20. 20. Peace of mind for them and theirfamily</li></li></ul><li>SunExit Advisors<br />Wework with the Owner’s existing teamofAdvisors<br /><ul><li>Transition Planning is a multifaceted process
  21. 21. Diverse skills and experience are necessary
  22. 22. A coordinated team approach minimizes time and cost to the business owner</li></li></ul><li>Interdisciplinary Team<br />BUSINESS OWNER<br />COMPREHENSIVE EXIT PLAN<br />CPA<br />TRANSACTION INTERMEDIARY<br />ESTATE ATTORNEY<br />INSURANCE PROFESSIONAL<br />Sun <br />Exit Advisors<br />BUSINESS ATTORNEY<br />BUSINESS CONSULTANT<br />BUSINESS APPRAISER<br />WEALTH MANAGER<br />
  23. 23. SunExit Advisors<br />Key Planning Examples:<br /><ul><li>Increase profitability and company value
  24. 24. Improve delegation and productivity
  25. 25. Implement leadership development plans
  26. 26. Motivate and retain key employees
  27. 27. Ensure the company’s ongoing success—</li></ul>independent of the owner<br />
  28. 28. SunExit Advisors<br />If you avoid pre-transition planning…<br />…your exit may not be pretty.<br />Before heading for the door, talk to us. <br />We’ll help you leave your business: <br /><ul><li>When you want
  29. 29. To the successors you want
  30. 30. With the amount of cash you’ll need</li></li></ul><li>SunExit Advisors<br />Business Transition Planning<br />Preparing business owners for one of the most significant events of their lifetime… <br />The Transition From Their Business.<br />
  31. 31. SunExit Advisors<br />Ted Thomas has enjoyed 30 years of experience as a business owner, consultant, real estate investor and transaction intermediary. <br />Ted has founded, built and transitioned from three successful service businesses. He has consulted small, mid-sized and Fortune companies, and has held executive positions within the financial services, manufacturing, and dot.com space.<br />Helping other entrepreneurs achieve their goals and objectives has Ted's impassioned commitment. His ownership background provides him the perspective and experience to assist fellowbusiness owners leave a legacy that they deserve.<br />Ted Thomas<br />Managing Partner<br />Sun Exit Advisors LLC<br />8735 W. Higgins #160<br />Chicago, IL 60631<br />773.243.1603<br />www.sunexitadvisors.com<br />