Steps to Business Exit/Succession Planning

Winding Up or Winding Down Your Business

Many people plan to get into business but very few take the time to plan how they will get out. Proper planning can ensure that you have as many options available to you as possible.

This session will examine:

• a timeline to consider for retirement

• how to calculate business value/worth

• selling to outside buyers vs. inside buyers

• how transitioning differs from selling

• liquidating a business

• your goals in succession

Whether you plan to retire or sell your business in the near future or in 5 or 10 years, this workshop will provide you with valuable information through real life examples and demonstrations.

Facilitator: David Barnett BBA, CBI, CMEA