Designing Your Exit Plan Roadmap!

Your Comprehensive Exit Plan

Putting together a customized exit plan is much like creating a set of construction plans. It is putting the desired end-goal into a working plan. A comprehensive plan should include the following:

Owner Goals and Objectives

Action Items:

• Does the contractor need coaching to help reduce his/her workload? To solidify his/her personal vision?

• Has the contractor completed a personal financial plan that tests his/her retirement assumptions against inflation, longevity, and probability measures?

  Financial Analysis

  Action items:

• Does the contractor need a professionally prepared valuation for the business?

• Can or should the company develop financial KPIs, a budget, cash flow analysis, or improved financial reporting?

  Planning Analysis

  Action Items:

• Does the company need Business Continuity Instructions?

• Should the contractor begin to develop transfer schedules for management duties, ownership responsibilities, outside relationships, and employee or family skills development?

  Revenue/Profit Analysis

  Action Items:

• Should the company develop a sales strategy for new products or markets? Would that require new vendors, personnel, or capabilities?

• Is there an opportunity to develop recurring revenue through a client for life program development?

  Operations Analysis

Action Items:

• Are company job descriptions, employment manual, operating procedures in writing, and up to date?

• Should any employees receive stay bonuses, profit-based incentives, retention agreements, or deferred compensation plans?

Most of your homeowner clients couldn’t address their custom building project without your help.  Your expertise is taking your client’s dreams and creating that desired living space that they can enjoy for years to come.  

Let me do the same thing with you.  Creating a company with transferable value happens when strategic steps are implemented thoughtfully and deliberately into your business plan. Without this, your company could leave thousands of dollars on the table. As an accomplished business coach, I will generate a smart and detailed exit plan with you.