Designing an Exit Strategy While Being Considerate to Loyal Employees
Your business has assets in which you have spent money. Business should be growing in value so that when time comes, you will be able to return additional assets and protect wealth or your family. Most of the company holders plan for their business growth but hardly plan for an exit strategy. Exit strategy is most commonly over looked by planning deliberation. At the same time exit strategy plays major role in determining the strategic direction for
the company long before you exit. By not setting up an exit strategy before and limits the options for business owners and successors in future.
Your business goes through many evolutions and transaction so that you should think of your
exit strategy as another, important business transition. Any major change in future that
also includes opportunities for mergers and acquisitions with another business or a new
product line, needs long term strategic initiative. Unless you plan these opportunities,
exits or transitions then they will be happen in unexpected ways. Consider an exit strategy
less as termination, and more as another logical transition for both you and your company.
If it is planned properly and managed transition it will have benefits for your business,
its owners and their heirs.
If you have built your business up over many years you will not have done it alone. You
will have a team of reliable employees who have accompanied you on the journey. If you do
not plan for your business progress and control your business exit then there's every
probability of you losing their support during the crucial stages of deal making. Take an
Example of Mo Siegel. Mo Siegel has built up the business of Celestial Seasonings over many
years based on the passion. He instilled a reliable team of company managers and other
employees. It later grew to be the largest supplier of herbal teas in the US. In 1984 he
sold Celestial to Kraft for a very large amount. The culture of Kraft was very different
and they changed the culture of Celestial to match it. It was a bad try, as the culture
rift was very wide. Many of Siegel's hand groomed managers left in anger and hatred. After
four years Siegel bought the business again, restored the old culture and recruited back
many of those lost managers. In 2000 he found a company that shared Celestial Seasonings
idea. He merged his business with Hain Pure Foods to form Hain Celestial Group. Siegel
stayed for three more years to manage the transition and investment banking and then
retired in peace.
Related Tags: investment, market, banking, deals, business, brokers, services, buy, sale, new hampshire, boston, massachusetts, advisors, m&a, group, mergers, acquisitions, sell a business, middle, mid, investment bankers, rhodes island, blackbridge
I have wide experience in search engine optimization, internet marketing and SEM campaigns. Find best mergers and acquisitions services and professional mergers and acquisitions in Boston. Offers experienced investment banker to advise how to buy business.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Tips To Better Prepare Yourself For The House Buying Process
Everybody who has been through the process of buying a home will attest that it can turn into a very - Gain Qualified Prospects With The Cash Cow Sales Funnel
I've had the privilege to work with hundreds of sales and business people all working hard to make m - How To Write A Good Telemarketing Sales Script
By defining your specific selling process you will be able to apply a system that works over and ove - The Popularity Of Antique Cabinets Over The Years
Ever since collectors have been hoarding pieces of value and interest, antique cabinets have been ar - Guide In Selecting Clothes Hangers
One of the least respected areas in your home is your wardrobe. Most of the time it is stuffed with - Does Mattress Manufacturer In China Reliable?
The time we spend on bed is almost 1/3 of our whole life! So it's very important for everybody to se - What Makes A Good Salesperson
This fact is not hidden nor is this thesis cutting edge. There are a lot of personality and professi - Proper Preparation Prevents Poor Performance: Tips & Tools To Increase Productivity
Prior proper planning prevents poor performance. It may be a tongue twister, but it's important to r - Attractive Votive Candles
Impeccable range of candles and lanterns enhance home interiors. Simple yet elegant in design and fi - Sales Articles - Do You Want To Find Building Maintenance Supplies In Your Area?
Building maintenance supplies are among key factors to protect buildings against excessive depreciat
Most viewed articles in this category:
- Cold Calling - A Surprising Way To Gain Insider Information
If you knocked on all the doors in your neighborhood, you'd learn a lot about the people who live ar - How To Touch More Clients For Referrals
Interested in more referrals? Want to guarantee success in any referral marketing program? Here is a - How to Embrace and Thrive in Today's Buyer's Market
As fun as the last few years were to be in a piping hot real estate market, it's now time to accept - The Power of One
One is a very tiny number. However, it can have a tremendous impact on your revenues. Here are some - Sell Your Customer What They Need
When it comes to selling your products it is important to ask your potential customers probing quest - Profiting With Private Label Rights
There are three basic rights you should know about when it comes to resale rights marketing. T - The Lazy Way to Increase Your Sales Immediately... without spending a penny!
Let’s start at the beginning… First up, how do you define an affiliate program, or affi - Your Sales Self-Image
All sales success is the result of a foundation grounded in right attitudes and positive self-esteem - Sales And Marketing - Let Others Do The Work
There are many different ways in which businesses of today approach potential prospects and customer - The Financial Influencer
In my last article, I talked about the four influencers you have to deal with in a B2B sale. The fou
