5 Essential Elements of an Effective Exit Plan

Exit plan creation should be a key part of your business plan, no matter whether you're serving your first customer / client or swiftly approaching retirement.

To ensure a successful exit and ultimately safeguard the value of your business, your exit plan should contain these five essential elements.

Well-Defined Goals

A Decision on Transition Type

Optimized Company Value

Flexible Approach

Proper Timing

Remember: exiting a business is a process, not a one-time thing.

At Tennessee Valley Group, Inc. we have years of professional and practical experience in helping business owners create plans to successfully exit from their business.

Target exit date

Whether you want the transition to be to a key employee, family member, or third-party buyer

A definition of the value you want to make a financially successful exit

Merger & acquisition (typically involves merging with a similar company or being ‘bought out’ by a larger one)

Selling to a family member or key employee

Liquidating the business and closing it down

A track record of proven results and suggestion of future profitability

Sustainable business performance via carefully considered risks

Metrics that measure progress and enable the owners to take corrective action if necessary