Mark Osborne explains why exit planning isn't just for sellers. Business owners should start early on financing, buy-sell agreements, and alternative funding strategies that strengthen the company while preparing for eventual ownership changes.
Exit planning is just good business planning, is fundamentally the premise of this idea. But it also starts to open the aperture for business owners to think about things that they might not think about till the end, and maybe sometimes when it's too late to take advantage of them. And specifically some things around, you know, sort of financing of a business and not only financing the way you run your business today, but— you know, making funds available for buy-sell agreements that might need to be exercised when there is maybe an unexpected need to exit or to, you know, change the ownership structure. And you guys obviously have a lot of expertise in some of these less traditional, more innovative approaches to financing that can be valuable both for companies as they're building as well as as they're getting closer to exit.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
