EXIT PLANNING
EXIT PLANNING FOR BUSINESSES & CORPORATIONS
FocalPoint coaches work with some of the top business owners in the U.S. and the world, helping them plan for their exit. Locally, we are headquartered in Bowling Green, KY, and serve the greater Warren County area, including Glasgow, Franklin, Russellville, KY and Portland, TN and beyond.
Fill out the form to get a free Business Growth Score, or call today for more information.
Contact Us
After spending over 27 years leading human resources and operations for global manufacturers and advising countless entrepreneurs on strategic growth, I understand the multifaceted complexities business leaders face when considering transitioning out of their ventures. As a certified FocalPoint business coach now focused on supporting Bowling Green owners, proper planning is key to ensuring your company’s future post-exit while simultaneously securing personal financial goals.
But between daily demands, unpredictable market conditions, evolving tax policies and family variables, creating such an exit plan often feels too overwhelming to even begin tackling. This is where my personalized, hands-on 1-on-1 coaching enables finally taking that critical first step. Let's start mapping out contingencies tailored for your situation.
GET YOUR BUSINESS GROWTH SCORE
Click the button below to get your free trusted business growth score today. We'll be in contact soon with the results.
WHAT IS AN EXIT PLANNING COACH?
Rather than attempting to navigate the multifaceted intricacies of transitioning your business alone, an exit planning coach provides personalized guidance based on your unique goals, growth stage and structure. With decades of leadership experience across global corporations, startups and as a business advisor, I give owners proven methodologies for preparing themselves and their companies for eventual leadership transitions whether retiring in the near-term or just proactively planning ahead for any scenario that may arise. What does your ideal exit timeline and process look like and how can an experienced coach make this vision an executable reality?
WHAT DOES EXIT PLANNING MEAN?
Exit planning encompasses the comprehensive process of intentionally mapping out the transfer of company ownership and leadership over a 3-10 year timeline leading up to an established transition date while simultaneously securing your own personal, family, and financial goals after stepping away. This holistic approach covers value growth, successor naming/training, legal and tax considerations, documentation, customer retention planning during sale discussions and ultimately deal execution - transferring equity to a qualified buyer that aligns with your values at an optimal valuation and terms. Where do you see the biggest gaps in your current preparedness plans as you think ahead to an eventual exit?
WHY IS IT IMPORTANT FOR BUSINESS OWNERS TO PLAN FOR AN EXIT STRATEGY?
Because the multitude of complex personal, financial, cultural and legal factors surrounding successfully executing transition plans typically takes years to navigate, most experts strongly advise owners to start exit planning 5-10 years beforehand rather than hastily reacting to life events. Without advanced preparation, you risk derailed profit goals, company culture erosion, lost customers/talent during sale uncertainty, family fallout and potentially having to settle for less-than-optimal terms just to retire amidst burnout. How far out have you envisioned exiting your company and what factors make planning early essential?
WHAT ARE SOME ELEMENTS TO A SUCCESSFUL EXIT STRATEGY PLAN?
Methodical plans often encompass projected time horizons, value growth via process improvement, retaining key staff/customers, buyer financing options, naming and training next generation leaders, personal wealth management, downhill tax planning as exit approaches, layered contingencies for various scenarios, family communications and ultimately identifying the right buyer who will nurture what you have built. Multi-year lead time allows analyzing options thoroughly before acting when you have leverage rather than when backed into a corner. What additional elements or priorities would you emphasize for your successful transition strategy?
LET'S HAVE AN EXPLORATORY CONVERSATION
With so many factors impacting your company’s next chapter, I know it's daunting to determine logical next steps. As your FocalPoint business coach, let's have an initial discussion outlining your vision for life after exiting along with an honest assessment of current gaps that still exist. This consultation would be completely confidential, free of obligation and might provide clarity that finally gets your planning started. What do you have to lose besides ongoing uncertainty? Let's talk through tangible possibilities.