Whether it’s personal finance, value growth, taxes, or legal issues, you can rest assured that Heritage Business Advisors will guide you through the entire process, choosing the exit strategy that’s best for you, your family, and your business. Gathering, assessing, modifying, and monitoring the numbers can be an in-depth and complicated process, one that continues to become exponentially more complicated as competition increases, laws change, and technology advances. Navigating a business exit requires the skill of proven advisors. Heritage Business Advisors has the experience and the expertise to guide you through your exit.
Business exit planning is a complicated and ever-changing process that not just anyone has the experience to handle. Here at Heritage, we have the training to navigate the complexities of that process. We coordinate your company’s principles with key staff members, your CPA, your banker, your legal team and anyone else that has an effect on your finances, in an effort to drive your long-term growth. Our team takes our fiduciary obligation to act in your best interest very seriously and your success is our number one motivation.
From small, single-owner businesses with modest annual sales to large, multi-owner corporations, Heritage has the knowledge and experience to prepare you for a successful exit. The team at Heritage Business Advisors has been trained as MBAs, Certified Exit Planning Advisors®, and Certified Value Growth Advisors™ allowing us to create strategies that help prepare you to meet your business objectives.
The Exit Planning Process
By focusing on the Value Acceleration Methodology (VAM), we can position you and your business to be ready for your exit when the opportunity and timing present themselves. Proper exit planning should be an ongoing process that begins years before you plan to make your exit. Using the VAM, we can break the entire exit planning process down into three “gates.” These gates are Discovery, Preparation, and Decision. Each one has multiple steps to complete before you will have successfully passed through them.
Heritage Business Advisors’ Certified Exit Planning Advisors® take you through the entire process so that you are assured that your transition is as seamless as possible. In order to better prepare you, we have created a detailed description of the process.
Gate 1: DISCOVERY
The Discovery gate is all about getting to know you and your business, inside and out. Here, we will evaluate your personal finances, your business’ benchmark value, tax records, and even estate plans. Each of these components shows us where you are and how to proceed.
Gate 2: PREPARATION
The second gate is all about delivering your action plans and executing them with your team. By this time, you will have held several workshops with them and should have come to a consensus on what the vision is and how to prioritize each action step in your plans.
It is best to keep your plans to 90-day “sprints.” By focusing on what is immediately in front of you, we can more easily manage the necessary changes that must be made to prepare for a successful exit. After completing the tasks designated for the current 90-day plan, you will reset your focus and we will make preparations to begin the next 90-day sprint.
Gate 3: DECISION
By the time you have passed through gate three, we will have made many operational, personal, and financial changes to your business. Many of these will have become routine in the day-to-day activities within your company.
Entering gate three is the culmination of our client/advisor relationship. What were once long-term goals will now be a tangible reality that requires you to contemplate the current status of your company, reflect on the past, and make a decision about the future for you and your business.
Schedule A Meeting To Learn More
If you are ready to begin the process of planning your exit from your business, the Heritage Business Advisors team is ready to build your plan with you. Let’s talk today.