Starting and running a business is an exciting venture and for many is the pinnacle of achievement in life as a business person. However, for many, the time comes when it is required to leave the business behind, forming an exit strategy in order to move on as smoothly as possible.
Why Create An Exit Strategy?
There are a number of reasons that business owners may choose to create a business strategy, and these are not necessarily negative. Business owners may choose to form an exit strategy because:
- They have decided to retire
- They have recently separated or divorced from a spouse/partner
- They no longer require the business as a form of employment/income
- They have recently sold the business
By creating a viable plan, business owners ensure themselves a far easier, less stressful transitional period, moving towards the next stage of their life.
How Can We Help? Succession Planning and Exit Strategies
At Parker Andrews, we are the experts on Succession Planning and Exit Strategies, providing the best options for individuals and the organisations in question. We work closely with our clients and contacts to work out a strategy that suits all involved and interested parties.
Your exit strategy will be identified with initial and continued meetings, as well as research into the company’s past, as well as its banks and suppliers. From this stage, Parker Andrews will explore all options for directors and sole traders, providing detailed diligence with all clients to establish the best results.
Once we have established the best strategy for you and your business, we will be on hand to help implement it, and ensure that your exit from the business is a stress free experience.
If you would like to discuss the possibility of forming an exit strategy with Parker Andrews, get in contact today.