- Business owners deserve financial freedom as a result of their life's work.
- Transitioning ownership is likely the most significant financial event in an owner's lifetime.
- Planning for ownership transition takes time, 3-8 years in advance of departure.
- Successful transitions begin with education.
- Successful exits are intentional, tax efficient and in written form.
- Valuation is critical, to understand drivers that impact it positively and negatively.
- Key Employees are an essential ingredient to any “transferable” business. As such it behooves every owner to develop incentive plans to retain, reward and recruit those catalysts.
- Every business deserves a Business Continuity Plan. That ensures the business can operate without the owner at the helm.
- Exit Planning requires a multi-disciplinary Advisory Team with "subject specific” knowledge to successfully develop.