A business owner should always have an idea of what their end-game is, but in the vast majority of cases this is far from the case. By having a clear plan of when and how you want to make your exit you have the opportunity to ‘groom’ your business, making enhancements to improve its eventual attractiveness to potential acquirers.
In order to assist owners in planning for their future exit, Moore and Smalley have developed the Business Exit Strategy (BESt) review. It critically considers your corporate and personal objectives, identifies aspects of the business which require pre-sale grooming, appraises the various exit routes available to you (such as business sales, MBO or MBI), and assesses your personal financial situation in order to maximise the income you receive on exit.
An exit may not be required. The business may be passed down to the next generation. However, family succession also requires forethought and planning, in particular to allow the successor(s) to build up relevant experience and skills to be able to take the business forward and how the exiting family shareholders can arrange their own future financial security.
Completing the review is an achievement – but to create real value for the owner its recommendations need to be implemented. We will be there to provide support, or indeed to lead, this implementation.
Request the Moore and Smalley BESt (Business Exit Strategies) Guide
For more information on exit planning, contact the team at corfin@mooreandsmalley.co.uk.