exit strategy
Service Summary
Produce advice and options for business owners to exit their businesses
Typical Benefits
Business continuity, proper finances geared towards exit/sale, succession planning
Overview
Exit strategy is not a fast process. Depending on the ‘state’ of a business it can take up to two years. I review every business function and process with a view to optimise for an eventual sale. Then together with the business owner I formulate a timed action plan with agreed deliverables and owners. Then I track against that over time and engage where required until I feel the business is ready to hand over to a professional business sales entity, OR to effect the transition to others (family or employees etc).
I also usually look in to the personal requirements of the owner after the sale like taxation, investment etc. I give general advice and options and if further detail is required I hand over to a fully qualified FSA.
Our Requirements of You
Ensuring an executive sponsor from your organisation is allocated to the engagement, communicates the rationale behind it and signs off any ‘Terms of Reference’. * Assisting in all possible ways to ensure that a contract, (and confidentiality agreement where necessary) is in place, in advance of any work commencing. * Ensuring all support is in place and access is granted for all and any required data, processes, policies, meeting rooms and nominated resources to enable successful delivery of the engagement. * Ensuring sponsor availability within the agreed timeline, to resolve any significant issues that may impact the timely completion of the engagement, if not resolved in a timely manner.
Our Commitments to You
Provide support throughout service delivery using our World Class Professionals and Subject Matter Experts. Provide high quality deliverables in a timely manner and in line with agreements upon engagement with the client [Any changes to this will be mutually agreed in writing, in advance, between all involved parties]. Provide deep insights and genuine value-add in all possible areas throughout the engagement. Provide progress updates and feedback at regular intervals, agreed in advance or at the engagement ‘kick off session’. Respect all personal and professional development of client team members throughout the engagement
Deliverables
whatever is required for a successful exit of the owner. Usually starts with a timed action plan, ends with a financial report, Business Plan, personal development plans for the owner after exit and sometimes a brief sales brochure to go to the sales company.
Available Service Engagement Model
Project Based Engagement
Project based engagements operate on the basis of agreeing work and any outcomes or milestones for delivery in advance of commencement of any engagement in a ‘Statement of Work’. Prices are fixed for the agreed deliverables and should changes be required, these may incur changes to delivery costs. Payment for Project Based Engagements are agreed on a case-by-case basis, giving consideration to risk, contract value, client payment history, relationship longevity and duration.
