Business exit planning is a strategic process that business owners engage in to prepare their company, themselves, their family, and other stakeholders for when they decide to transition ownership of the business to someone else.

It includes making the business attractive to potential buyers and preparing you for life after ownership so that the exit can achieve your personal, business, and financial goals. Key elements include succession planning, business valuation, financial planning, tax strategies, legal considerations, and sourcing buyers.

The exit planning process includes personal readiness and business attractiveness; preparing the business and you, its owner, for a successful future transition. Strategies include risk management, asset protection, growth and value acceleration, designing operations to be transferable, ‘What’s Next’ planning, and legacy planning.

“Exit planning is also a shift in mindset from annual income generation to long-term value creation. So, the business becomes stronger today and more valuable in the future.”

- Scott Snider, President of the Exit Planning Institute

Change management consulting is a controlled, intentional process for the execution of growth strategies.

Relentless execution of your growth acceleration and value enhancement strategies requires getting the right people in the right roles doing the right things aligned to a shared vision. Our advisors help you prioritize your goals and lead your team through 90-day sprints that break multi-year objectives into short-term projects and milestones.

You probably already know what changes need to happen. But change is uncomfortable and disruptive. As a result, you may avoid taking the actions you know are required. Purpose First Advisors helps you manage the growing pains inherent in the process. Together we strategize on how to sequence and introduce changes, engage subject matter experts, communicate why change is necessary to achieve your vision, and manage the feelings and behaviors that often result from and directly impact the process of change.

In order to grow, i.e. move your business from its current state to your desired future state in terms of income, profitability, sustainability, and valuation various things need to change. This may require new technology, processes, staff, product/service development, financial management activities, or culture shifts.

Business succession planning is all about identifying the critical positions within your business and taking action to get the right people in those roles.

In order to step out of the day-to-day operations of your business business, it has to be able to run without you. That means you have to have an intentional talent management strategy that recruits and retains great talent, provides employees with growth and advancement opportunities, and proactively trains people to take on new roles and responsibilities.

Our strategic business advisors know what it’s like to be in your shoes. Their managerial and operational
experience makes them uniquely qualified to help visionary owners lead and manage growth.

We specialize in helping you increase revenue, profitability, and valuation. This requires growth strategies that

• Reduce owner dependence
• Increase monthly recurring revenue
• Reduce customer concentration
• Demonstrate sustained growth and profitability
• Build management team acumen
• Document replicable processes
• Leverage technology
• Invest in talented staff
• Cultivate a culture of accountability
• Leverage your competitive advantages