Melbourne Business Advisors’ Post

Planning for the future? 💭 Here’s why having a solid exit plan matters more than you think... 👥 Family businesses with a formal succession plan are over twice as likely to succeed in transitioning. ✍️ Over 70% of owners think they’re ready to exit—but only 30% have a formal plan in place. 📈 Around 60% of owners don’t know their business’s value, which can seriously impact their strategy. 🏷️ Only 20% of businesses listed for sale actually complete the sale process. For more statistics like these, visit the Exit Planning Institute at https://lnkd.in/ehsRrkr 📲 . . . . . #ExitSuccessSolutions #BusinessPlanning #CertifiedExitAdvisors #ExitPlanning #BusinessAdvisors #SouthSoundBusiness #BusinessSuccess #BusinessConsulting #BusinessValuation #BusinessCoach #BusinessGrowth #FamilyOwnedBusiness

Something to think about in harder times, what is your exit strategy or succession plan?- It all takes time and effort to get it together but this group of professionals are taking the time to share their stories so that you don't have to reinvent the wheel. See below for when they are in your region.

Here’s a shocking truth for you as a business owner... . . According to the Exit Planning Institute, 70% to 80% of small businesses that go to market never sell. This statistic highlights the crucial importance of proactive exit planning. Why do so many businesses fail to sell? It often comes down to a lack of preparation. Without a solid exit strategy, many business owners find themselves unprepared when it’s time to transition. Factors like incomplete financial records, lack of a clear succession plan or simply not understanding the market can all play a role. But here’s the good news: It doesn’t have to be this way. By planning ahead, you can ensure your business is in the best possible position to attract buyers and achieve a successful sale when the time comes. At The Greenhouse, we specialize in helping business owners navigate the complexities of exit planning. Our proven strategies and expert guidance can help you maximize your business’s value, avoid common pitfalls and secure the future you’ve worked so hard to build. Don’t wait until it’s too late—start planning your exit today. 🌱 Contact me to learn more about how The Greenhouse can help through our Value Builder System and CEPA coaching. #exitplanning #businessowner #successionplanning #exitstrategy #thegreenhouse #businessgrowth #sellyourbusiness

"There's no perfect family. Nor is there a perfect business. There's only practice - practice and growth.” - Scott Snider In a recent post, our President Scott Snider opened up about his journey working with his father, Christopher Snider, CEPA, to build Exit Planning Institute together. They built EPI not as Senior and Junior, but as equal partners. Scott shares key strategies for making family-business relationships work especially as our country faces an unprecedented transfer of wealth! If you want to strengthen your family-owned business strategies, his insights are a must-read. Learn more below! https://hubs.li/Q02WG68V0 #FamilyBusiness #ExitPlanning #BusinessGrowth #EPI

Time to switch gears and plan our grand exit strategy! Crafting a business that's not just a job but an asset requires foresight and planning. Let's transition from working tirelessly within our businesses to building a legacy worth investing in. Don't settle for the status quo—aim to build an empire! Invest in your business's future now, ensuring a lucrative exit plan down the road. Visit my website, link is the comments section! #ExitPlanning #LegacyBuilding #StrategicInvestment

⚖️ 𝐌𝐲𝐭𝐡 𝐁𝐮𝐬𝐭𝐢𝐧𝐠: 𝐄𝐱𝐢𝐭 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 𝐄𝐝𝐢𝐭𝐢𝐨𝐧 🪽 𝐌𝐲𝐭𝐡: “Exit planning is only for owners who want to sell their business soon.” 📖 𝐓𝐫𝐮𝐭𝐡: Exit planning should start years before the actual transition. A strategic exit plan allows for better valuation, operational improvements, and smoother succession. Planning ahead doesn’t mean rushing the process–it means preparing wisely. #WittAndGoldsworthy #BusinessLaw #MythBusting #MythVsTruth #ExitPlanning

Exit planning is a process that benefits from time and strategic preparation—starting years in advance can make all the difference. With a thoughtful approach and expert guidance, Witt & Goldsworthy, PLLC is here to help ensure a seamless transition every step of the way!

If you’re planning your exit but don’t like the idea of selling your business to an outsider, the new Canadian 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗧𝗿𝘂𝘀𝘁 (EOT) might be the solution you need. With an EOT, you can sell your business to your employees. But is it the right move for you? Learn from Tiara Letourneau, the CEO and Co-Founder of Rewrite Capital Advisors, if an EOT is the right exit option for you and your business. Link: https://lnkd.in/g-GM-wjM #EmployeeOwnership #BusinessSuccession

Worried that exit planning will send the wrong signals to your team or competitors? In reality, when done right, exit planning becomes part of how you build value in your business every day—without raising red flags. 🚩 ➡️ Take the first step...schedule a complimentary consultation and let's discuss your goals for the business and yourself: https://lnkd.in/eWYyUn5

Worried that exit planning will send the wrong signals to your team or competitors? In reality, when done right, exit planning becomes part of how you build value in your business every day—without raising red flags. 🚩 ➡️ Take the first step...schedule a complimentary consultation with Jayne to discuss your goals for the business and yourself! https://lnkd.in/eWYyUn5