Exit Planning

Preparing Your Business for the Future

You’ve spent your whole career nurturing your business. What happens next?

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Key Employee Transition

Give your employees a sense of ownership with an employee transition. A few considerations with this strategy:

  • Is a talented team of non-owners already in place who can run the business?
  • Does your company have a strong relationship with vendors and customers?
  • Do you have the financial wherewithal to make employees the owners?
  • What type of ownership will you give employees? ESOP? Employee-owned collaborative? Employee ownership trust?
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Frequently Asked Questions

Exit Planning FAQs

Read answers to some of our frequently asked questions about the exit planning process.

Employee Transition FAQs

How far out should I start preparing to transition my business to an employee?

Like all transitions, the sooner, the better. Once you have identified key employee(s) that you might want to transition the business to, the planning needs to commence in earnest. Most transitions to employees involve a sale to the employee, so it behooves the owner to set the employee(s) up for as much success as they can, as the owners’ ability to get paid is often directly tied to the ongoing success of the business.

How long does it take to transition a business?

Each transition is unique, and therefore the transition period looks different for each. For transitions to an employee(s), a one- to two-year lead-up period of working hand-in-hand with the employee(s). We’ll often see an owner stay engaged an additional one to two years on the back side to ensure the transition goes well and the business continues to thrive.

Business Strategy Resources

Blue Value Advisors Blog

Browse our blogs for our expert advice on exit planning, business transitions, business valuation and more.

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Let’s Prepare Your Business for the Future

It’s never too early to start thinking about the future of your company — even if leaving it isn’t in the cards yet. Talk to a Blue Value Advisor today to find strategies that improve revenue, protect assets, and prepare you and your stakeholders for what’s ahead.