Step #5: Conduct Current State Analysis for Exit Planning

Next begins the process of determining how to achieve the goals set in in the previous step.

Key Point Analysis

This involves a careful analysis of three key points — the value of your business, the strengths and weaknesses of your business and your company’s strategic position in the marketplace

Value of Your Business

Start your analysis by determining a reasonable and realistic value for your business and compare it to your previous answers.

This identifies the gap between how much your business is worth and how much you need to have in the bank in order to finance your retirement.

Strengths and Weaknesses

Next, identify your company’s strengths and weaknesses so you can fix any glaring defects or problems. Finally, understand your company’s strategic position in the marketplace by asking questions like:

  • Which companies are buying other companies like mine?
  • Which companies are being sought by strategic buyers and why?
  • Does my company fit that profile?
  • Who is likely to be a strategic buyer for my business?

The ideal time to sell is when your personal goals, the value of the business and market conditions are all in sync.

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Posted on Mar 2, 2014

Contact Info – David Bandars

 12110 Port Grace Blvd. #201, LaVista, NE 68128