Planning your exit from your business

Many owner-managers put in a lifetime of hard work building their business only to throw away some of the rewards by failing to consider properly how they will exit from the business - both financially and as a manager.

It is vital to begin planning an exit at an early stage if it is to be a success. This briefing is aimed primarily at businesses run by a management team, but will also be useful to a sole trader with no employees. It covers:

  • Setting your objectives.
  • Getting into shape for an exit.
  • The different exit routes available.
  • Planning for trade sales, management buy-outs and family succession.

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  • Prompt, efficient and clear communication, helped provide a clear understanding of the issues and situation