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Episode 10: How Do You Plan a Successful Business Exit?
Ask a DHJJ CPA
How do you plan a successful business exit? Whether you’re thinking about selling your business, transitioning it to family or employees, or developing a succession plan, preparing early can give you more options and help strengthen the value of your business.
In this episode of Ask a DHJJ CPA, host Emma Yurchik is joined by Ed Brooks, CPA, Principal and Chief Growth Officer, and Richard Burke, CPA, CGMA, CM&AA, Outsourced CFO and M&A Advisor, to break down what business owners need to know about exit and succession planning.
Ed and Rick discuss when business owners should start exit planning, the different ways to transition a company, how buyers determine what a business is worth, and the risks that can make a company less attractive to potential buyers. They also walk through what happens when you’re ready to sell, from preparing financial information and going to market to evaluating offers, due diligence, and closing.
In this episode, you’ll learn how to:
- Start planning for a business exit—even if it’s 5 or 10 years away
- Evaluate different exit and succession planning options
- Understand what drives the value of a business
- Identify risks that could lower your company’s value
- Prepare your financials and operations for a future buyer
- Understand the basic M&A and business sale process
- Build the right team of advisors for your transition
One of the biggest takeaways: exit planning isn’t just about preparing to sell. It’s about building a stronger, more transferable business and giving yourself more options when the time comes.
If you’re a business owner wondering what your company is worth, how to prepare your business for sale, or when to start succession planning, this episode is a great place to start.
Have questions about exit planning or an eventual transition? Connect with Ed, Rick, or the DHJJ team at DHJJ.com.
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