"The Exit Checklist"
Drew Ferner of GPS walks you through his 5-step guide to exiting your business with success, and ease.
The 5 Steps
5 Key aspects to consider in order to ensure exiting your business with success and ease.
Your Reason to Exit
Understanding why you want to exit your business is the first and most crucial step. Your reasons will guide your decisions and shape your exit strategy.
Reason - Exit Type Alignment
Choosing the right exit type is key to ensuring your goals are met. The type of exit should align with your personal motivations and the reasons behind your decision to leave.
Understanding Your Business's Value & Your Motivation to Exit
The market ultimately determines your company's worth. Regardless of what you think your business is worth, if the market doesn't agree, it won't happen.
Understanding Payout Structures of Possible Exit Scenarios
Many business owners imagine an all cash sale and leaving immediately, but most exits are more gradual, requiring ongoing involvement.
Defining Your Exit Approach
The final step to achieving a successful and rewarding business exit is choosing the right approach based on your priorities.
Bonus: 6 Things Every Seller MUST Negotiate
Focusing on and clarifying these 6 key terms ensures a smooth transition and protects your interests.
Drew Ferner
Drew Ferner has run the M&A practice at GPS since 2001. His expertise is in growing clients and helping sell for maximum value. Since 2001 all of GPS's clients have have had successful exits.
Book an Exit Consultation Call
Get on the phone with Drew for a 30-minute no obligation call.