Business Planning, Exit Planning & Succession Planning

A good Business Plan should include an Exit Plan, and a good Exit Plan needs to incorporate a good Business Plan.

These days your Financial Institution will often require your Exit goals when you submit them with your Business plan.

So your business plan has a number of clear steps to follow:

1. Take stock of where your business is at the moment: financials, customers, management & staff, distribution, production and historical comparisons.
2. Analyse your revenue by product group, type of customer and or market segment.
3. Look at your market place to establish trends, growth, decline, external factors and how the market/your customers perceive your business.
4. Investigate your competition for substitute products, direct or indirect competition.
5. The SWOT analysis will summarise the results of the first 4 steps. Strengths and Weaknesses are internal issues to be listed. Opportunities and Threats are the external, outside the company issues.
6. The Business Plan results from your SWOT analysis and will give you the bricks and mortar to write your plan.How can we capitalise on our strengths and minimise our weaknesses. How can we take advantage of opportunities and avoid threats where possible. Your plan includes Marketing issues, Financials, Human resources, and Exit planning. Each section will have its own objectives and strategies. The objectives will be a detailed Action Plan.
7. And now you are ready to put your plan in Action and of course monitor its progress and adjust were necessary.

Following these 7 steps will give you a sound basis upon which to build the value of your Business and it will give you an excellent opportunity to Exit your Business on your terms.

You may wish to Contact Us now so that one of our exit planning specialists can meet you and discuss your Business Planning and Exit planning needs.