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“The course makes you take a really good look at your business, get more goal-oriented, but also develop an exit plan.”

—Brenda Ross, Rosse Posse Acres, Inc., Molalla, OR
Supported in Part by Softwood Export Council
: a compass
“I have vision, and the rest of the world wears bifocals.” —Paul Newman (as Butch Cassidy)

Exiting

Exit Strategy

You’re ready to merge, cash out, or pass the business on to the next generation.

Here are some steps to get you going.

1: Exiting Strategy Options

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  • Do you sell your business?

  • Do you consider a business merger?

  • Do you liquidate your business?

  • Do you rid yourself of responsibility by hiring a manager?

  • Do you divest or segment your business in preparation for sale?

  • Do you file for bankruptcy?

  • Do you close your business?

2: Naming Your Price

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  • What is your business worth?

  • Is there a valuation formula for your business?

  • How much "good will" do you have?

  • What are the legal and tax considerations of selling your business?

3: Selling Your Business

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  • Are there buy/sell agreements in place?

  • How does your exit strategy affect your personal estate plan?

  • What are the legal and tax considerations of selling your business?

4: Professional Advisors

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  • Who will you consult for the best strategy to sell or close the business?

  • What kinds of advice will I need?

5: Transitioning Your Business

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  • How does your business plan support your business transition?
Need more help? Get free and confidential business advice from an experienced BizCenter advisor- in person and on-line. Register now

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