Entrepreneurs

Strategic Wealth Planning professionals have the expertise to guide and assist entrepreneurs to grow then sell a successful business.

There are two key questions each entrepreneur should ask: “How do I add value to my business?” and “When is the best time to sell my business?”

HOW DO I ADD VALUE TO MY BUSINESS?

To create a higher sale price for your business, an entrepreneur must consider the three primary elements of value and create a strategy for increasing value drivers in each one: the market place, business value drivers and your team of advisors.

  • The Market Place – You cannot control the marketplace but you can use it to your advantage through careful timing.


  • Increasing the value of your business through value drivers is where you as the entrepreneur have the most control over the sale price.


  • Advisory Team. Two teams are often engaged to sell a company; an exit planning team and a transition team.


WHEN SHOULD I SELL MY BUSINESS?



  • One part of this answer is “as soon as you can”. First consider the demographic avalanche that is coming down the pipeline as baby boomers retire.


  • Personal reasons for selling your business could be a culmination of wanting to takes the chips off the table, reaching financial security or boredom.


  • After weighing the demand cycle and personal reasons to exit your business, it is time to consider the business environment for a business sale.