Exit planning is the buzzword for those who consult to Baby Boomer business owners. Business brokers, wealth managers and other professionals are adding “exit planning” to their services. It’s a logical reaction when over 5,000,000 Baby Boomers (about 3,000,000 in 2024) are preparing to leave their businesses. Not surprisingly, when an advisor creates an “exit… Continue reading What is an Exit Plan?
How do we prepare the next generation for success?
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by John F. Dini of ExitMap Private Equity Groups (PEGs) have a reputation as a Great Satan to some, and a Great Savior to others. It all depends on the personal experience. In fact, both reputations are well deserved, but neither can be universally applied. The “Great Satan” ReputationPEGs buy companies for the express purpose of improving… Continue reading Private Equity Reputation
Purpose – “Having as one’s intention or objective.” Many exit planning advisors discuss the three legs of the exit planning stool – business readiness, financial readiness, and personal readiness. Personal readiness includes purpose. Many exit planning advisors point to the 75% of former owners who admit “profound regret” with their transition and say it’s because… Continue reading Purpose – Life After the Sale
FPA Owner Transitions 