SMALL BUSINESS EXIT STRATEGIES
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6 Small Business Exit Strategies -Overview of how each works -Examples -Keys to success WHAT WILL WE COVER?
WHY AN EXIT?
TYPES OF EXIT STRATEGIES Golden Parachute Simple Stop / Liquidation Selling to Another Entrepreneur / Buy Out Merger / Acquisition Initial Public Offering
-Pay out large salaries -Large bonuses -Expenses Example: -Transport Company -Nike GOLDEN PARACHUTE
TOP DO GET A GREAT TAX ACCOUNTANT.
- Liquidate the assets of the business Example: -Restaurant SIMPLE STOP
TOP DO CLOSING CAN BE BIG MONEY.
- Sell to someone that you have a relationship with. Example: -Café -Dental office SELL
TOP DO START TARGETING THESE PEOPLE EARLY.
- Liquidate the assets of the business Example: -Instagram -Brick ACQUISITION
TOP DO PAPERWORK & PROCESS MATTER.
- Selling shares for the first time Example: -Facebook -Tea company IPO
TOP DO GET THE VALUE RIGHT.
TYPES OF EXIT STRATEGIES Golden Parachutes Simple Stop / Liquidation Selling to Another Entrepreneur / Buy Out Merger / Acquisition Initial Public Offering
- Create and pass on the business through generations Example: -Weston -Rogers FAMILY EMPIRE
TOP DO WORRY ABOUT SUCCESSION EARLY.
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SMALL BUSINESS EXIT STRATEGIES