In the final instalment of our three-part series about how we can help when it comes to the world of corporate finance, we will be discussing the support we can give you when it is time to work out your business exit strategy. Exiting a business is a decision that is never taken lightly, but at some point, you have to make a decision on whether a concrete succession plan is going to be put in place internally or whether you will be looking to sell. Our advisers can provide you with the support you need to come to that decision and then work with you to see it through, ensuring that all opportunities available to you whatever route you choose, are carefully planned yet maximised.
There is no set point in time when business owners should decide to exit, many of the people we work with have built their businesses from the ground up, so naturally the first thing to decide is whether you are, or when you will be, emotionally ready to move on or sell.
Once you have decided whether selling or putting a succession plan is the way forward for you, then our work begins.
If a succession plan is the way forward, then we can work with you to undertake reviews of your management team to ensure they enhance your business’ valuation, confirming they are aligned on aspiration, purpose, and the company’s future direction. We can review your professional adviser team, current management and employee incentives, shareholder and capital structure and above all, be a helping hand to make sure those who are taking over the business are fully prepared for when the time comes.
Many businesses fail to sell at their first attempt, and those that do, often fail to maximise the sale value, due to either weaknesses in their business strategy or operating model, simply not choosing the most appropriate buyer or by not getting their timing right. If selling is your strategy, we will work with you to undertake a review of your business and the industry at that point in time to evaluate what your best options are. We can identify and address any areas of weakness, work out solutions for those areas that need improvement to ensure the sale of your business commands the highest premium and then prepare the relevant due diligence.
For most business owners, exiting a company only happens once in a lifetime. Therefore, having the right support around you is crucial. Our team of Advisers are flexible and knowledgeable and ready to support you in whatever journey lies ahead. To find out more about how we can help you, email firstname.lastname@example.org or call 0191 7314 539 to book an appointment.
Exit strategies may include the referral to a service that is separate and distinct to those offered by St. James’s Place.
The opinions expressed by third parties are their own and not necessarily shared by St. James’s Place Wealth Management.