Fact: business management and strategy go hand-in-hand in helping you paint your overall financial picture. Being as prepared as you can be is certainly beneficial for business owners of all kinds. But, not to worry!
Here at SevenBridge Financial Group, we bring various business services under one cohesive umbrella. We can help you handle your tax plan or create an advisory council. We can also facilitate growth – all while stopping the spin.
Continue to read along with this blog as we talk about managing an effective business exit strategy.
First, let’s define ‘business exit strategy’ — according to Investopedia:
“A business exit strategy is an entrepreneur's strategic plan to sell his or her ownership in a company to investors or another company. An exit strategy gives a business owner a way to reduce or liquidate his stake in a business and, if the business is successful, make a substantial profit.”
Simply put: life happens fast. When unexpected events arise, it’s better to have a plan than not. Therefore, having a business exit strategy is crucial because it provides a clear and defined end-goal for your business.
Now that we know its definition, let’s talk about different types of business exit strategies. Here are just a few of them:
As we mentioned above, these are just some of the different types of business strategies. It is important to be informed about all of these aspects in order to make the best decision for your personal situation.
You might be thinking, “How do I choose the right exit strategy for my business?”
The overarching answer here is: do your due diligence.
Making sure you understand the common types of business strategies — coupled with the help of a trusted, experienced financial advisor — is instrumental in your business exit strategy search.
Finally as you can see, it’s much better to have a trusted guide for your journey than to attempt to ‘go it alone’. Our team of financial advisors here at SevenBridge Financial is always up to the task.
No matter your situation, we’re here to be your bridge to prepare and plan an effective business exit strategy.
Our Business Owner Services also include:
• Coordinating outside advisors to ensure strategy alignment across the board.
• Supplementing & expanding upon the capabilities of your CFO or CPA.
All of our team members have obtained specialized knowledge as well as a tailored approach to get you to where you need to go.
Please do not hesitate to contact us with any questions about our services, our process, or how to get started with a project.
SevenBridge Financial Group is a registered investment advisor. Advisory services are only offered to clients or prospective clients where SevenBridge Financial Group and its representatives are properly licensed or exempt from licensure.
The information provided is for educational and informational purposes only and does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your attorney or tax advisor.
All information has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. There is no representation or warranty as to the current accuracy, reliability or completeness of, nor liability for, decisions based on such information and it should not be relied on as such.
For additional information, please visit our website at sevenbridgefinancial.com
For current SevenBridge Financial Group information, please visit the Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov by searching with SevenBridge’s CRD #281037.