Succession and Exit Planning -
Building Your Ultimate Business Value

Whether you have a family business, hope to successfully navigate a management buy out, or intend to sell to a synergistic buyer, your business value and succession plan is more important than ever.

If you are like most baby boomer business owners, you have lost a small fortune due to the recent reduction in asset values and, unfortunately, there may be little you can do about it.  Your home value is down 25% and your 401K is down 30% or more. 

What about the value of your business? 

As the economy starts to pick up you can control your business value.  By focusing on building a business that buyers (both internal and external) will want you will –

• Create a business that is easier to manage and grow
• Develop internal managers who would like to buy you out
• Produce a highly desirable acquisition target for synergistic buyers

After all it’s nice to have succession options.   According to Tom West, a noted authority on business sales, over 50% of the businesses with revenues between $5,000,000 and  $10,000,000 simply shut their doors as opposed to successfully transitioning to the next generation of family or new ownership.

Samples of results that arise from succession planning include:

• Increase Business Value for Market Sale
• Family Harmony
• Smooth Management Transfer
• Tax savings through implementation of an ESOP

How do you obtain results like these? 

It starts with a Valuation and Succession Exercise. 

Our Valuation and Succession Exercise is a process that engages you, the business owner in a way that produces clarity of vision for your business and succession goals.  As part of the process you receive our custom report, “Valuation and Gap Analysis” that clearly shows you where you are today in terms of business value, organization, and buyer appeal, and lays out a clear path for future gain. 

Would you benefit from this Exercise?

Click here for a 2 minute Succession Analysis to determine if you might benefit and more detailed information including case studies and outcomes.

Or, you may contact Greg Caruso, Attorney, CPA, CVA at 410-507-5441 or gcaruso@harvestbusiness.com for a confidential conversation.