Exit Planning Webinar this week

So when is a good time to set up an exit plan or strategy for your business?

And the answer is... as soon as you possibly can. The best time is when you first start the business but that's often the last thing on most people's minds.

That's unfortunate since the REAL reason to start a business is for the exit.

There are many exit strategies such as running it until you die, giving/selling to family, selling to employees, selling it to an outside buyer, selling to a competitor, going public and selling your equity, etc.

No matter what way you choose, the one thing that remains the same for all exit strategies is to structure the business for maximum profit and value NOW.

That will make it attractive to any type of buyer and to you as the owner. Let's be clear here, the best business to run and the one that is a magnet to any buyer is the one that does not need to be sold. Waiting until you are ready to sell or need to sell is way too late to prepare the business for this feat.

I promise you will be very disappointed in the value of your business after all of your hard work. Your value of the business will almost always be more than that of a potential buyer but you won't even be close to the mark without the right structure already in place for at least a few years.

No track record = tons of lost value

So with that said, who in their right mind wouldn't want to take my motto to heart and "run it like you're gonna sell it"?

Positioning your company to constantly add value to the business year by year, even if you never want to sell it, is the only way to live the dream of making the money you planned on making and actually having a business for yourself and not a job.

With that said, I will putting on yet another webinar (3rd one this year) this Thursday at noon EST. The focus is on exit planning, and specifically positioning your business to sell for top dollar, as a way to also maximize profit every year along with building business value.

Although the webinar host has an audience of mostly IT managed service providers, I'm inviting anyone with any kind of tech company that wants to participate to sign up.

Find out what business buyers are looking for and how to follow that model to increase the money in your pocket and decrease the time flying out the window at record speeds.

Use this URL to get on the participant list: https://www2.gotomeeting.com/register/565021441

Even if you've heard me talk about this subject already, you might want to hear it again as I've added some new information this time around.

Looking forward to seeing you there this Thurday 11/13 at noon EST.
https://www2.gotomeeting.com/register/565021441


To Your Business Success

George Sierchio
The Consultant's Coach