GROWTH & EXIT PLANNING

THE 5 PRINCIPLES

WHAT ARE THEY?

The Principles were designed to answer the question “what’s next and what are my options?” They help clarify what is important to you and how to align your growth goals with your ideal exit. The result: after you are clear on what you want your outcome to be, decisions become much easier and you know WHY you’re making them.

Your Vision

Why did you start your business?

You need to know why you started your business to determine what’s going to be important to you if and when you decide to sell your company.

Everyone jumps into entrepreneurship for different reasons. Financial freedom, the ability to control your time and decisions, to disrupt an industry, for family legacy or leaving a dent in this world. Reconnect with what made you start your business in the first place.

Ask yourself:
What would make you happy if you sold your business and why? 

Financial Targets

How much money do you need, or want, to make when you exit?

Your financial targets (how much money you need to maintain your lifestyle) will impact many decisions in your plan, your timing, exit option(s) and control over the process.

Calculate how much money you need to walk away with in order to live your ideal lifestyle. This will determine if you have a gap between where your business value is and where it needs to be.

The answers to these questions will determine when you can exit, the structure of the deal, to what buyer and on what terms. You should maximize the way you get your money out of your exit and your financial targets will determine how you do that.

CHECK OUT - THE ULTIMATE GUIDE TO YOUR BUSINESS' VALUE

Exit Options

What are all your exit options?

There are a ton of ways and combinations to sell or transfer your business.

Each exit option will impact a multitude of variables:

  • How much you get paid
  • When you get paid
  • What they do with your business, culture and legacy
  • Your control and involvement post sale

If you know what you want and why from your exit, then you can go and get it. If you don’t know what you want and why, then there is a strong chance you will regret things post sale — or, even worse, you will get taken advantage of at the altar.

CHECK OUT - THE ULTIMATE GUIDE TO YOUR BEST EXIT OPTIONS - PART 1 (INTERNAL BUYERS)

CHECK OUT - THE ULTIMATE GUIDE TO YOUR BEST EXIT OPTIONS - PART 2 (EXTERNAL BUYERS)

Growth & Value Drivers

Are you increasing the value of your company?

You should always be looking at your company from a buyer’s perspective, regardless if you want to sell or not.

The value of your business depends on how easily you can transfer your free cash flow or EBITDA to another person or buyer.

Don’t be victim of the “flashy object syndrome”. Every decision you make should be driving you toward increasing the value of your business with your ideal exit target in sight.

TAKE THE SURVEY - GET YOUR VALUE BUILDER SCORE ON THE 8 KEY DRIVERS

Building Your Team

Do you have a team of Rockstar advisors?

You wouldn’t expect a bunch of contractors to build your perfect house without a blueprint or detailed budget. Why do you expect that of your advisors?

If you know what you want and why, what your financial targets are, and when and how you want to exit, then all of your advisors can be working off the same blueprint.

Surrounding yourself with the right advice at the right time for the right investment will ensure you maximize the value of your business and happiness…

Simply because everyone knows what you want and why.

 

 

WHAT ARE THEY?

The Principles were designed to answer the question "what's next and what are my options?" They help clarify what is important to you and how to align your growth goals with your ideal exit. The result: after you are clear on what you want your outcome to be, decisions become much easier and you know WHY you’re making them.

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Your Vision

Why did you start your business and what do you want from an exit?

Financial Targets

How much money do you need, or want, to make when you exit?

Exit Options

What are all your exit options?

Growth & Value Drivers

Are you increasing the value of your company with your exit in mind?

Building Your Team

Do you have a team of Rockstar advisors?

Your Vision

Why did you start your business?

You need to know why you started your business to determine what’s going to be important to you if and when you decide to sell your company.

Everyone jumps into entrepreneurship for different reasons. Financial freedom, the ability to control your time and decisions, to disrupt an industry, for family legacy or leaving a dent in this world. Reconnect with what made you start your business in the first place.

Ask yourself:
What would make you happy if you sold your business and why?

Make sure your ‘why’ is clear and you are able to feel proud before, during and after whatever exit is your target.

Financial Targets

How much money do you need, or want, to make when you exit?

Your financial targets (how much money you need to maintain your lifestyle) will impact many decisions in your plan, your timing, exit option(s) and control over the process.

Calculate how much money you need to walk away with in order to live your ideal lifestyle. This will determine if you have a gap between where your business value is and where it needs to be.

The answers to these questions will determine when you can exit, the structure of the deal, to what buyer and on what terms. You should maximize the way you get your money out of your exit and your financial targets will determine how you do that.

CHECK OUT - THE ULTIMATE GUIDE TO YOUR BUSINESS' VALUE

Exit Options

What are all your exit options?

There are a ton of ways and combinations to sell or transfer your business.

Each exit option will impact a multitude of variables:

  • How much you get paid
  • When you get paid
  • What they do with your business, culture and legacy
  • Your control and involvement post sale

If you know what you want and why from your exit, then you can go and get it. If you don’t know what you want and why, then there is a strong chance you will regret things post sale — or, even worse, you will get taken advantage of at the altar.

CHECK OUT - THE ULTIMATE GUIDE TO YOUR BEST EXIT OPTIONS - PART 1 (INTERNAL BUYERS)

CHECK OUT - THE ULTIMATE GUIDE TO YOUR BEST EXIT OPTIONS - PART 2 (EXTERNAL BUYERS)

Growth & Value Drivers

Are you increasing the value of your company?

You should always be looking at your company from a buyer’s perspective, regardless if you want to sell or not.

The value of your business depends on how easily you can transfer your free cash flow or EBITDA to another person or buyer.

Don’t be victim of the “flashy object syndrome”. Every decision you make should be driving you toward increasing the value of your business with your ideal exit target in sight.

TAKE THE SURVEY - GET YOUR VALUE BUILDER SCORE ON THE 8 KEY DRIVERS

Building Your Team

Do you have a team of Rockstar advisors?

You wouldn’t expect a bunch of contractors to build your perfect house without a blueprint or detailed budget. Why do you expect that of your advisors?

If you know what you want and why, what your financial targets are, and when and how you want to exit, then all of your advisors can be working off the same blueprint.

Surrounding yourself with the right advice at the right time for the right investment will ensure you maximize the value of your business and happiness…

Simply because everyone knows what you want and why.

How To Get Started

45-Minute Introduction Call

Tell us about your business, goals and objectives and we will explain our principles and the process. At the end of the meeting, you’ll have a clear vision on whether or not you are ready for (or in need of) a growth and exit plan.

Clarity Day Workshop

During the Clarity Day Workshop, we dive into the 5 Growth & Exit Planning Principles. At the end of the day, you'll know what your exit options are, what financial targets you need to hit, how to maximize the value of the business and what team can get you there.