Longer Term Planning
Long-term planning and exit strategies
Do you want your business to be more profitable, efficient and productive? Of course you do. But have you actually planned how you’re going to do it?
If you never got around to writing that business plan, now is a great time to tackle it. It’s all too easy to get caught up in the day-to-day running of the business and forget to take a step back to check where the business is heading – and whether it’s earning its keep.
For example, where will you personally be in five years time? Still working in the business every day? Or will you bring in a manager so you don’t have to? Perhaps you’ll have sold the business by then. Even though 45% of business owners want to retire before they’re 50, only 7% have taken ANY steps to plan how their business will provide the means for them to retire.
If you still need to sort something out, 1st Financial Foundations can help. We’ll outline the main options available to you before devising an exit strategy that best suits you objectives and circumstances. This could include:
- grooming your business to boost its value
- trade sales
- keeping it in the family
- MBOs, MBIs and BIMBOs
- flotations
- winding up a solvent company
- wealth preservation planning for your business and family
If you like the idea of retiring sooner rather than later and need to implement an exit strategy to make it happen, call us today on 01908 523 420 or email info@1stff.co.uk to book your FREE consultation.
