How to Exit YOUR Business on YOUR Terms
What you'll learn
- How to plan and implement a robust Exit Strategy
- How to increase your chances of a successful exit from your business
- How to value your business and what your business is worth in the eyes of an investor
- The key drivers of value and how to increase the value of your business
- Why some buyers might pay more
- Benchmark your business against key drivers of value
- The different types of exit and the role of key intermediaries
- How to identify likely sources of potential acquirers
- How to avoid simply walking away with nothing when you exit
- Why it is so important to have an exit strategy - and when to make one
Requirements
- Ideally you should be running your own business
Description
Second only to property, our business is probably our next major asset but most of us fail to exit with any significant return. Yet most of us would say that one of the hopes and reasons for building our own business is to help fund our retirement or whatever we want to do next.
40 % of business owners expect to simply walk away from their business – simply close the doors, pull down the shutters and walk away – no buyers, no passing down to family or employees
80% of business owners do not have an exit plan in place
Only 1 in 5 businesses that are up for sale end up with a successful close
Typically businesses sell for 40% of the asking price
In this light, it is madness to think that without planning and working towards it that we are going to achieve the kind of exit we would like
This course aims to help you to create and implement a simple but effective Exit Strategy and increase your chances of the exit you hope for!
The course includes an Exit Strategy Plan Template download to help you to structure your plan as well as a pdf download of all the slides and notes used during the course. In addition, you can request a free benchmark of your business against 8 key drivers of value that will also provide an indicative valuation.
Who this course is for:
- Business owners of medium and small businesses
- Business owners who don't want to simply walk away with nothing when they exit
- Business owners who want their business to be more than just 'owning a job'
Instructor
- 4.3 Instructor Rating
- 35 Reviews
- 2,424 Students
- 1 Course
Kevin is an experienced and entrepreneurial business practitioner with a focus on strategy, business development and building value in for business owners. He's combined pharmaceutical sales and marketing experience with strategy consulting, value based management, medical communications and e-business. Kevin holds an MBA from one of the world's leading business schools - INSEAD (top of the 2017 Financial Times Global MBA Ranking of the best 100 programmes), and has built four (and exited from two) business and has built his own eco friendly home.
Kevin founded BizSmart in 2012 with the aim of supporting business owners to scale and build valuable businesses - giving the business owner options for future exit.
Please take a look at the company video on the Bizmart website – it explains clearly what BizSmart does. The approach works – but don’t think everything is done for you! If you are serious about scaling and building a valuable business then BizSmart and the BizSmart approach can help you along the way – as they have helped several hundred businesses like yours.
Kevin is one of only a handful of Certified Value Builders in the UK and many of these principles are built into the BizSmart approach.
Also a keen motorsport enthusiast, he competes in the BRSCC Mazda MX5 Championship. It's a fantastic series racing at all the major UK (and sometimes international) circuits.
Specialities: Business Growth/ Scaling, Business Strategy, Exit Strategy, Sustainable Value Growth.