The document outlines a 7-step process for business exit planning: 1) Identify exit objectives, 2) Quantify business and personal finances, 3) Maximize business value, 4) Transfer ownership to third parties through sale, 5) Transfer ownership to insiders like employees or family, 6) Ensure business continuity, 7) Coordinate personal wealth and estate planning. The process is designed to help business owners achieve their financial and personal goals when exiting their company through retirement or sale, while protecting the business value and ensuring its long-term survival. An experienced team of advisors is important for properly implementing a well-designed exit plan.
AcceleratorFest 2017 - Andrew Ackerman (Dreamit Ventures)Startupfest
Starting an accelerator seems deceptively simple. Team up with a few exited entrepreneurs and angel investors, get some space, recruit a network of mentors, and hang up a shingle. But then the costs start to add up: salaries, recruiting events, travel, investments in the startups, etc. The economics are brutal and the various revenue sources come with strings...
AcceleratorFest 2017 - Andrew Ackerman (Dreamit Ventures)Startupfest
Starting an accelerator seems deceptively simple. Team up with a few exited entrepreneurs and angel investors, get some space, recruit a network of mentors, and hang up a shingle. But then the costs start to add up: salaries, recruiting events, travel, investments in the startups, etc. The economics are brutal and the various revenue sources come with strings...
Y Combinator Startup Class #18 : Legal and accounting basics for startupsFabien Grenet
Slide utilisé dans le cours n°18 de la Y Combinator Startup Class de Standford (http://startupclass.samaltman.com/) donné par Ben Horowitz
Publiée sur slideshare pour pouvoir être intégrée à l'article http://startupeers.co/y-combinator-startup-class-15-how-to-manage/
Employee Share Schemes & Capital Raising | Wednesdays with Redchip AugustRedchip
Our experts look at two interacting strategies for businesses experiencing, or striving for, high growth:
1. Employee Share Schemes (also known as Employee Share Option Plans) - how do they work and what are the benefits for employers and employees?
2. Capital Raising - how to prepare your business to approach investors and issues to consider in relation to Employee Share Schemes.
Boards and C level Executives: Balancing Trust and TensionSharath Martin
History is unfortunately replete with examples of misconduct and other abuses of power by CEOs. This has been the case whether the entities were public listed, private, government, or not-for-profits. Often, the spotlight turns to the Board’s discharge of its responsibilities in light of such misconduct. Questions are raised about the relationship between Executive (EDs) and Non-Executive Directors (NEDs).
Has that relationship become too cosy such that the Board fails to uphold high standards of governance? Do NEDs effectively challenge and evaluate strategic and risk management issues with the EDs?
Conversely, perhaps in response to such criticisms, Boards and NEDs are sometimes accused of being far too intrusive into management and operations. The rising trend of shareholder activism only adds to the challenge.
In the pursuit of exemplary corporate governance to raise organizational performance, how should Boards and C- level executives aspire to work with each other? How should they balance between trust and tension?
Based on responses from 548 enterprise Finance leaders across Europe and Southeast Asia, our free report sets out the key development initiatives and investment needs for the coming years.
On the Road to CFO - Presentation at CMA Leadership Conference, May 2012Samuel Dergel
Using tools from my CFO Coaching kit, I will guide the audience to understand what it will take them to grow into a strategic and valuable CFO.
Attendees will learn to:
Identify the key relationships necessary for CFO Success
Apply the key steps on the ladder to the CFO role
Add value to their employer as they grow into the CFO role
Workshop for Eindhoven Startups Foundation about the financial plan; from business idea to financial plan.
Questions? Contact me by:
Phone: +31 (0)40 244 42 88
Email: info@dewert.nl
Twitter: @jurgenvdsande
Raising Capital for Your Startup - Lean Entrepreneurship Carnegie MellonSean Ammirati
Many very successful businesses have been and will be built without raising venture capital. However, for certain high growth businesses one or multiple rounds of growth capital are necessary
Y Combinator Startup Class #18 : Legal and accounting basics for startupsFabien Grenet
Slide utilisé dans le cours n°18 de la Y Combinator Startup Class de Standford (http://startupclass.samaltman.com/) donné par Ben Horowitz
Publiée sur slideshare pour pouvoir être intégrée à l'article http://startupeers.co/y-combinator-startup-class-15-how-to-manage/
Employee Share Schemes & Capital Raising | Wednesdays with Redchip AugustRedchip
Our experts look at two interacting strategies for businesses experiencing, or striving for, high growth:
1. Employee Share Schemes (also known as Employee Share Option Plans) - how do they work and what are the benefits for employers and employees?
2. Capital Raising - how to prepare your business to approach investors and issues to consider in relation to Employee Share Schemes.
Boards and C level Executives: Balancing Trust and TensionSharath Martin
History is unfortunately replete with examples of misconduct and other abuses of power by CEOs. This has been the case whether the entities were public listed, private, government, or not-for-profits. Often, the spotlight turns to the Board’s discharge of its responsibilities in light of such misconduct. Questions are raised about the relationship between Executive (EDs) and Non-Executive Directors (NEDs).
Has that relationship become too cosy such that the Board fails to uphold high standards of governance? Do NEDs effectively challenge and evaluate strategic and risk management issues with the EDs?
Conversely, perhaps in response to such criticisms, Boards and NEDs are sometimes accused of being far too intrusive into management and operations. The rising trend of shareholder activism only adds to the challenge.
In the pursuit of exemplary corporate governance to raise organizational performance, how should Boards and C- level executives aspire to work with each other? How should they balance between trust and tension?
Based on responses from 548 enterprise Finance leaders across Europe and Southeast Asia, our free report sets out the key development initiatives and investment needs for the coming years.
On the Road to CFO - Presentation at CMA Leadership Conference, May 2012Samuel Dergel
Using tools from my CFO Coaching kit, I will guide the audience to understand what it will take them to grow into a strategic and valuable CFO.
Attendees will learn to:
Identify the key relationships necessary for CFO Success
Apply the key steps on the ladder to the CFO role
Add value to their employer as they grow into the CFO role
Workshop for Eindhoven Startups Foundation about the financial plan; from business idea to financial plan.
Questions? Contact me by:
Phone: +31 (0)40 244 42 88
Email: info@dewert.nl
Twitter: @jurgenvdsande
Raising Capital for Your Startup - Lean Entrepreneurship Carnegie MellonSean Ammirati
Many very successful businesses have been and will be built without raising venture capital. However, for certain high growth businesses one or multiple rounds of growth capital are necessary
This presentation is for business owners who are interested in building and maintaining value in their company with an emphasis on positioning the business for transition, and exit plannig.
An engaging presentation for business owners that discusses the important topic of understanding the value of your business, and maximizing to realize the optimum return when it comes time to transfer the business to a third party.
How to Break Through No Man's Land - The Stage Where Growing Companies Get Stucknewportboardgroup
Many companies enter a stage of growth where their business is too big to be small, and too small to be big. They’re running as fast as they can and yet the old way of running the business doesn’t seem to work anymore.
Catherine Cates discusses a proven set of actionable recommendations to pinpoint where you are in No Man's Land and how to break through it.
This slideshow details:
- How to recognize if you are in No Man's Land
- The 4 M's: categories where companies get stuck
- A tool to help your company move past No Man's Land
Understand and maximize the Value of your Business.David C. Smith
This presentation outlines basic information used to value a business and identifies the 4 points of Sellability that can be used to increase the businesses value.
This Toolkit was created by ex-McKinsey, Deloitte and BCG Consultants and Entrepreneurs, after more than 4,000 hours of work. It is considered the world's best & most comprehensive Entrepreneurship Toolkit. It includes all the Frameworks, Tools & Templates required to build, run and scale your own Business and excel as an Entrepreneur.
This Powerpoint presentation is only a small preview of our Toolkit.
You can download the entire Toolkit in Powerpoint and Excel at www.domontconsulting.com
Exit Planning - Maximizing Value Through Pre-Transaction ReadinessDominic Brault
According to numerous surveys, more than half of business owners intend to transition ownership of their business during the next 10 years. Yet most business owners do not have a formal strategic or financial plan, and many are unaware of the possible tax and estate implications. As a result, there is a real need for business exit planning. A robust exit plan will help chart a course toward extracting maximum value from the company to reach the seller’s goals.
Similar to Business Exec Briefing 30 Minute 2008 (20)
1. The Exit Planning Executive Briefing Presented by Tom Doncaster, CLU, CWM Member of Business Enterprise Institute’s Network Of Exit Planning Professionals™
2. Ingredients of a Successful Exit An Exit Plan based on the owner’s objectives. An experienced team of advisors to design and implement the plan. Cash flow and a quantified business value. A strong management team in place. Time.
3. The Seven Step Exit Planning Process™ Step 1 –Identify Exit Objectives Step 2 –Quantify Business and Personal Financial Resources Step 3 – Maximize and Protect Business Value Step 4 – Ownership Transfer to Third Parties Step 5 – Ownership Transfer to Insiders Step 6 – Business Continuity Step 7 – Personal Wealth and Estate Planning
4. “When a man does not know which harbor he is heading for, no wind is the right wind.” - Seneca Step One: Identify Exit Objectives
5. Step One: Identify Exit Objectives Universal Objectives How much longer does the owner want to work in the business before retiring or moving on? _________ years What annual after-tax income does the owner want during retirement (in today’s dollars)? $_____________ To whom does the owner want to transfer the business? Family? Co-Owner? Key Employee(s)? Outside party? ESOP?
6. Step One: Identify Exit Objectives Working with a Team of Advisors No one professional has all the answers. Diverse skills and talents are necessary. Team approach minimizes time and cost. If properly facilitated and led.
18. Business Value Benefits to the Owner Provides a baseline value by projecting cash flow. Measures business and personal resources both today and as a basis for future projections. Allows you to monitor progress toward the stated objectives.
19. “Making a silk purse from a sow’s ear.” Step Three: Maximize and Protect Business Value
20. Step Three: Maximize and Protect Business Value Benefits to the Owner Grow business value and intangible value of the business. Reduce income taxes upon sale of business. Protect assets from potential business and personal creditors. Create ability to sell the business. Motivate and keep Key Employees.
21. Step Three: Maximize and Protect Business Value Promote Value Through Value Drivers Focus on increasing cash flow. Develop operating systems that improve sustainability of cash flows. Solidify and diversify customer base. Implement strategies to grow the company. Improve company performance as measured by industry metrics. Build a solid management team and groom a successor.
22. “Making a mountain out of a molehill.” Step Four: Ownership Transfer to Third Parties
23. Step Four: Ownership Transfer to Third Parties Benefits to the Owner Cash at closing. Eliminate financial risk. No family succession issues. Speed of exit.
24. Step Four: Ownership Transfer to Third Parties Third Party Sales – Not Just About the Business Ability to sell and business value are determined by: Intrinsic Value: the value drivers. Extrinsic Value: the value the market places on the business. Effectiveness of the sale process.
25. Step Four: Ownership Transfer to Third Parties Current M & A Marketplace 20 percent of businesses are for sale, but only one out of four actually sells. Businesses with sales of $10 million per year aren’t much better – only one-third sell. Above $10 million per year, the odds improve to 50-50. - 2005 Business Reference Guide by Tom West
26. “Making a molehill out of a mountain.” Step Five: Ownership Transfer to Insiders
27. Step Five: Ownership Transfer to Insiders Benefits to the Owner Achieves Exit Objective of: Selling to Key Employee Group (KEG). Transferring to a child. Motivates and retains key employees. Planning reduces risk and increases amount of money received.
28. “Making sure the business continues when the owner doesn’t.” Step Six: Business Continuity Planning
29. Step Six: Business Continuity Planning Benefits to the Owner Objectives can still be achieved if you don’t survive your exit. Retains ownership and control of company if co-owner departs. Can force non-contributing owners to leave the business. Provides consistency between lifetime and death objectives. Ensures survival of the business for the benefit of others. Results in family receiving value of owner’s interest, in cash.
30. “When the ‘slings and arrows’ of outrageous fortune befall you, fight back.” - William Shakespeare (Hamlet) Step Seven: Personal Wealth and Estate Planning
31. Step Seven: Personal Wealth and Estate Planning Benefits to the Owner Preserve wealth, minimize taxes using both lifetime and death planning tools. Coordinates and integrates lifetime exit objectives wishes with estate plan. In effect, estate planning becomes part of business planning.
32. The Exit Planning Executive Briefing At some point, every owner leaves his or her business - voluntarily or otherwise. At that time, every owner wants to receive the maximum amount of money in order to accomplish personal, financial, income and estate planning goals