Timely Planning for Exiting Your Business C0255

After building a successful and valuable business asset, the owner needs to understand how to monetize and liquidate the business, while continuing to provide customer value. Exiting the business is the next stage.

This workshop looks at the pros and cons of different exit strategies to help decide what best suits your particular situation. It will discuss issues ranging from valuing the business to choosing and preparing a successor, so you can enjoy retirement and plan for the legacy of your estate.

Workshop Objectives

Addressing these issues can be time consuming, and early planning can offer benefits by preparing the business for a voluntary exit. Business owners should begin this process long before an exit is planned, to align the business with potential successors for optimum fit and value.

All small business owners will exit their business at some point in time, but only about 40% of owners have a succession plan in place. Don’t defer this important activity to a later time : 1) that may not be economically desirable, 2) when some options are not feasible, and 3) when retirement and legacy planning may be compromised.

Presented By: Cal Steinberg has extensive experience in both corporate and individual businesses with a focus on business and personal planning. He has worked for two Fortune 500 conglomerates (GE and Rockwell International) over a 34 year career and held management positions in operations, marketing, finance, business planning and business development. Following a successful corporate career, Cal started a financial investment and advisory service business, serving individual and small business clients for the following 17 years prior to his retirement.