A critical truth: 100% of business owners will eventually leave their company. Yet, only a small percentage actively plan for this transition. The reasons behind a business owner’s exit can largely be categorized as either running away or running toward something new. Understanding these motivations is key to ensuring a smooth and successful transition.
Ghislain Gouraige, Partner at NewEdge Wealth and Certified Exit Planning Advisor® (CEPA®), brings over 30 years of experience helping ultra-high-net-worth families and entrepreneurs navigate business transitions.
Businesses are valued based on their ability to generate cash flows, and they are sold based on the expectation that they will generate future profits. The more cash flow a business can generate and secure, the more it will be worth.
One hundred percent of us are going to leave our company one day. But only a small percentage of business owners have a plan for a transition. Planning for an exit is not typically something business owners do when you’re in launch, build, or growth mode. You’re busy running the business.
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