Effective Business Exit Planning with Purpose First Advisors

Business exit planning is a strategic process that business owners engage in to prepare their company, themselves, their family, and other stakeholders for when they decide to transition ownership of the business to someone else.

It includes making the business attractive to potential buyers and preparing you for life after ownership so that the exit can achieve your personal, business, and financial goals. Key elements include succession planning, business valuation, financial planning, tax strategies, legal considerations, and sourcing buyers.

The exit planning process includes personal readiness and business attractiveness; preparing the business and you, its owner, for a successful future transition. Strategies include risk management, asset protection, growth and value acceleration, designing operations to be transferable, ‘What’s Next’ planning, and legacy planning.

“Exit planning is also a shift in mindset from annual income generation to long-term value creation. So, the business becomes stronger today and more valuable in the future.”

- Scott Snider, President of the Exit Planning Institute

What This Looks Like

Success doesn't happen in a vacuum - it’s the result of smart decisions, intentional actions, and consistent performance. Our process is about helping you identify, align, and execute the strategies and tactics that allow you to build a business that works for you, not the other way around.

Discovery & Defining Success

We start by assessing your business attractiveness and personal readiness; together, we’ll identify what makes your business appealing to potential buyers and the steps you need to take to personally prepare for life after ownership. Adopting an ‘exit ready’ mindset allows you to improve income and profitability while also enhancing valuation regardless of your exit timeline or preferred exit strategy.

Strategy Development

Together we’ll identify key areas to consistently focus on to accelerate growth and increase valuation in alignment with your exit timeline. Typically, owners planning their exit know there are things you can do to make either a transfer of ownership to heirs, sale of the business or orderly dissolution more successful. By starting early we can create a plan that allows you to make those enhancements while also making personal and financial decisions that support your transition.

Action & Execution

We help you make key decisions, set deadlines, and align resources to take action. This can include facilitating your team’s execution of a growth plan, managing the process of engaging other professional advisors (attorneys, CPA, financial advisor) to implement your exit plan, helping you communicate your plans to family members, and working with you to create a ‘What’s Next’ plan for your next act.

Measuring Success

Progress isn’t just about bold moves and big decisions. It’s about taking consistent action. As roadblocks come up (and they will), we’ll adjust accordingly without getting distracted from your goals. Our job, even when we’re not in the room together, is to support you in maintaining focus on achieving your business attractiveness and personal readiness goals so you can exit how you want, when you want.