We know you probably don’t want to be doing anything else, but it’s important to have a business exit strategy in place.
Building a business is a very personal thing, the culmination of many years of hard work, blood, sweat and tears. That’s why it’s so important that when you do come to sell, you get the best deal you can.
Properly planning for a business exit will vastly improve your chances of achieving a fair value and a smooth sale. You only sell a business once, let us help to make it count.
We can help you consider:
Maximising your business value
Potential buyers will be looking to get the best deal they can, so being aware of the complete picture of your assets and risks means you can present the best picture to potential buyers and address any potential concerns before they arise. By completing this due diligence, you can minimise risks and maximise the value of any offers.
The right experts
Depending on the nature of your business, it might take more than simple financial advice and lawyers to complete your business sale. By putting you in touch with the right experts early on, your exit plan can take shape.
Your teams
Your buyers aren’t necessarily just acquiring your business and customers, but the teams and culture you’ve built. Your management team will play a pivotal role in any business sale, so it’s worth exploring what you tell them about your plans, when and how to incentivise them to work towards your exit goals.
More than just money
Getting the best value for your business is one thing. It’s important to plan around any large, sudden influx of money, but we’ve been through this process with many clients, and know there is more to consider.
We help you to answer the important questions at every stage of the process. It’s important to think about things like:
Why are you selling?
Your motivations for selling can tell you a lot about how to go about doing it. We’ll help you consider the values your business has, how you want it to continue after your exit, and what you want to do afterwards to get the best result.
What do you plan to do afterwards?
Your options might change overnight. Do you want to remain involved with the business? If so, what would that look like? Would you start another business? Many entrepreneurs advise other businesses or go into charity or philanthropic work. It’s important to consider whether your ideas are compatible with your exit plans, and how to structure them.
Change
Exiting a business is a massive change, both to your finances and to your lifestyle. We can help you to deal with the unexpected aspects of this change and will continue to make your money continue to work hard for you.
Why choose Temple Row?
The best people
Our team are experts in assisting entrepreneurs with their Wealth. We will work hard to protect your business and maximise the value you get from it.
Core values
We have a set of values that are present in everything we do. They ensure we put our clients first and provide a transparent service tailored to your individual needs.
WOW Process
Our proprietary process gives us a deep understanding of your personal circumstances and helps us to continually match your goals to your risk and returns.
Frequently asked questions
This depends on a lot of factors, including nature of your business, the value of the sale and the buyer. It’s a balancing act. The more prepared you are, the quicker it can occur. However, if the process is too fast, you might not get the offer you hoped for.
Temple Row will focus on delivering the best Wealth Management service we can, but we won’t help you find a buyer. However, we do have connections in the marketplace that can help and are happy to make introductions where appropriate.
Relevant insights
- August 29, 2023
- August 18, 2023
Interested?
We’d happily talk through our offering and guide you through our personal approach to planning your exit from a business, and how to get the most out of it.