Planning to Exit Your Business

August 13, 2024 / Insight from Jim Watt, Senior Wealth Advisor

You have successfully built your business. It was hard work to get it going and help it thrive over the years. Congratulations! But now, you are considering your next chapter in life and that means it is time to exit your business.

Many owners aren’t always clear on how to best position themselves for this part of the business lifecycle. Every business is different and the unique complexities of each one means that this journey can look different for each experience.

Entering this multi-year process can be daunting, challenging, complex, and stressful. Given the weight of the effort, some owners leave the important considerations for later, and those delays can reduce the chances of getting the best price and making the best plan for you and your business.

What is the solution? A professional, experienced team who can work with you through the process from start to finish. That is the key! From pre-sale, sale, and post-sale – this team will walk you through it all: a comprehensive plan that includes tax planning, business valuation, marketing your business to buyers, managing the sales process (including negotiations), and determining the best use of the proceeds from the sale for your goals.

The hardest part of the process is finding someone who will buy your business. With access to more than 800+ relationships with domestic and international private equity firms and family offices, and thousands of corporations, the National Bank Financial team, through the Angus Watt Advisory Group, brings their full capabilities across mergers and acquisitions, investment banking, corporate lending, and wealth management to the process.

Maximize the built value in your business with a solid exit strategy. Every business is unique with their special complexities which means that this journey can look different for each experience.

Key Takeaway : Don’t wait until it’s too late leaving value and opportunity on the table.

Jim Watt, BComm (Hon)

Senior Wealth Advisor

Phone : 780-412-6619
Email : jim.watt@nbc.ca

The particulars contained herein were obtained from sources we believe to be reliable, but are not guaranteed by us and may be incomplete. The opinions expressed are based upon our analysis and interpretation of these particulars and are not to be construed as a solicitation or offer to buy or sell the securities mentioned herein. The opinions expressed do not necessarily reflect those of NBF.

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