EXITING YOUR BUSINESS, PROTECTING YOUR WEALTH
Exiting your business is likely one of the most important financial events of your life. As a business owner or entrepreneur who is looking to protect the illiquid wealth that has accumulated in your privately held business, you will face a number of obstacles in developing and executing an exit strategy plan that suits your needs.
Written by John Leonettia business owner, attorney, wealth manager, merger and acquisition associate, and fellow exiting business owner in his own rightExiting Your Business, Protecting Your Wealth will guide you in thoughtfully planning out your business's exit by illustrating your exit options as well as helping you analyze your financial and mental readiness for your business exit. Providing a simple, step-by-step process that you can start using right away, this savvy guide reveals how to:
Set your exit goals
Determine if there is a financial gap you need to worry about
Decide if you are really ready to leave
Tell you what type of exiting owner you are
Illustrate your exit options
Measure the "range of values" for your business
Assemble your advisory team
Understand how taxes, deal structuring, and legal agreements will impact your exit
Establish a customized plan for your exit that protects your hard-earned wealth
An exit strategy is not the same as the sale of a business. This practical guide helps you understand the difference and offers a process that begins with examining your personal readiness for an exit and ways to protect your wealth, through building and executing a customized exit strategy plan. Easy to follow and essential for every business owner, Exiting Your Business, Protecting Your Wealth shows you a better way to establish an exit strategy plan that is aligned with what you would most like to achieve and in harmony with your goals.
From the Back Cover
Praise for EXITING YOUR BUSINESS, PROTECTING YOUR WEALTH"Every business owner and entrepreneur needs to read this book and then follow its directives to the letter. Absolutely essential!"
—Michael E. Gerber, founder/Chairman/CEO, Chief Dreamer Enterprises, and author of the E-Myth books
"The marketplace of privately held businesses and the advisors who serve them has been waiting for and is very much in need of a book like Exiting Your Business, Protecting Your Wealth. This guide for owners and advisors illustrates how illiquid wealth that is trapped inside of a private business can be liberated and used to meet an exiting owner's personal goals. With literally millions of Baby Boomer business owners facing the challenging task of transitioning out of their businesses, Leonetti has developed a blueprint that can benefit virtually any private company owner who is looking for a solution to their business exit."
—Rob Slee, private markets guru and author of Private Capital Markets
"A priceless gem full of timeless wisdom and accurate insights. This book will help you and your advisors to achieve a more effective and graceful exit from your business. I highly recommend that you and your advisors follow John's counsel. Doing so can dramatically improve your outcome."
—Bruce R. Wright, author of The Wright Exit Strategy: Wealth—How to Create It, Keep It, and Use It; inventor of Macro Strategic Planning
Are you thinking about exiting your business?
Are you financially prepared?
Are you mentally prepared?
An essential guide for exiting business owners, Exiting Your Business, Protecting Your Wealth helps you understand:
The secret to setting exit goals
How to know if you're ready to leave, or if you're addicted to your business
The exit options that are available to you
The "range of values" of the options you consider
How to work with your advisors to design your exit strategy plan
How to execute your exit strategy plan to meet your goals
Exiting Your Business, Protecting Your Wealth will make this process easier with straightforward guidance for developing a focused and successful exit strategy plan.
About the Author
John M. Leonetti, CFP, CM&AA, is the owner of Pinnacle Equity Solutions, an exit strategies firm specializing in exit strategy design and execution services to advisors and their privately held business owners. In addition, he is the former owner of Beacon Hill Equity Group, an advisory business that provided comprehensive exit strategy planning and investment advisory services to high-net-worth business owners (he followed his own instructions in successfully exiting that business). He also teaches private finance to MBA students as an adjunct professor at Suffolk University; has been a financial consultant with Smith Barney; a financial advisor with Merrill Lynch Pierce, Fenner & Smith; a mergers and acquisitions associate; and a manager in his family business.
