You are here:
Robbinex > Exit Planning
Business owners should start succession planning at least 3 to 5 years in advance. Transitioning a business is a long process and should start with a Phase One COSATA®.
A business exit plan requires expertise in such fields as finance, legal, wealth management, accounting, tax planning, and even psychology (for example, the psychology of retirement, or determining whether the children of a business owner are prepared to take over a business).
Many business owners postpone their exit planning, because they find it difficult to put together all of the pieces of the puzzle and make a decision. Postponement may lead to situations where the business becomes unsaleable or diminishes in value (e.g. illness or death of an owner, change of market conditions, etc.)
Schedule a No Obligation Consultation