Once at your summit, a successful exit depends on when you choose to sell and begin your journey through retirement or next big adventure.
Market conditions impact your exit, and conditions fluctuate in favorable and unfavorable business cycles. You want to sell when market factors are pointing in the right direction. However, many factors are beyond your control, including:
- Industry Outlook
- Economy
- Credit Markets
- Merger and Acquisition Conditions
A comprehensive exit plan lets you move when market factors are right. You must ensure the factors within your control are in top shape, including:
Business Conditions
- Goals defined and aligned.
- Evidence of growth, stability, predictability.
- Value enhancements in place.
Personal Conditions
- Goals defined and aligned.
- Financial plan in place.
- Owner and family readiness.
Tax Planning
- Business
- Personal
- Estate
When these factors are aligned and controlled, you maintain a constant state of readiness and flexibility, so you can leverage the sale when favorable market conditions arise.
