BEST Succession & Exit Planning

10,000Every Day

Approximately 10,000 Baby Boomers retire every day. Many are business owners, company leaders, or key professionals.

80%Not Saleable

Percent of companies are simply not saleable or do not have a proper professional talent pipeline to continue success.

78%No Transition Team

Percent of business owners who have no transition team of experts (legal, financial, or other). At the same time, 49% have no exit plan or strategy.

Succession Planning

Planning for Your BEST Exit

Business Exit Strategy and PlanningThe single largest financial transaction of your life deserves special attention. 

Are you planning to exit, transition to family or employees, or sell your business? Succession and exit planning, or transition, are now buzzwords in legal and financial communities. Your advisors position themselves to provide tax, risk management, wealth management, and contract preparation services. Your BEST Exit Plan Advisors, CEPAs® (Certified Exit Plan Advisors), and Certified Value Builders™ are extensively trained to manage your tax, legal, business, and financial advisors and to navigate your exit strategy on your terms.

BEST is from the industry and knows your challenges. Therefore, we have partnered with PivotPoint Business Solutions to engage in accelerating the value and planning a direction for your business as you begin considering your transition or exit. We use tools from Value Builder™The ExitMap®, and our expertise to look at multiple areas and value drivers in your business, including financial readiness, ease of planning, revenue streams, and operational efficiency. Your BEST Advisor will then work with your team of advisors to optimize each of these four areas in preparation for a sale and address three critical steps: assessment, valuation, and planning to become transition ready.

Exit Map SnapshotThe first step in the planning process is to complete an ExitMap® Assessment. The online assessment tool is the first step in the process. It will reveal your overall preparedness for transition, detailing four critical areas: financial readiness, ease of planning, revenue streams, and operational efficiency. The result is a 12-page summary report broken down by each area. Then, should you decide to continue the exit planning process, we provide a complete Exit Map Analysis for business owners. It is a 40-page report detailing the importance, urgency, and difficulty associated with each response given in the assessment.

There is one indisputable fact – 100% of owners will eventually exit their business. The ExitMap® Assessment is a multiple-choice questionnaire that does not ask for confidential or financial information. Nevertheless, it is a critical first step in starting the discussion and planning process. Click here for FAQs and more information concerning our free, no-obligation exit planning assessment.

Value Builder Score ReportThe Value Builder System incorporates several diagnostic tools, including the Value Builder Score, an evaluation system driven by an algorithm that evaluates a business on the eight core values acquirers consider when buying companies. The Value Builder Score provides a comprehensive assessment of the “Sellability” of your business, whether you want to sell next year or to know that you’re building a valuable asset for the future. As CEPAs and Certified Value Builders, our team is qualified to interpret your Value Builder Score. Those businesses that achieve a Value Builder Score of 90 or greater are worth double the average-performing company. At BEST, our goal is to dramatically increase your business’s value, anticipating a future sale or ownership transition.

STEP 2

The Valuation: What is Your Business Worth?

BizEquityOne of the most challenging aspects of your eventual exit will be the business appraisal and valuation process. BEST makes it easy as we utilize advanced metrics gathered from BizEquity®, the industry leader. We incorporate each primary valuation approach to get the most accurate valuation of your business. The process includes analyzing income, assets, markets, comparable sales data, financial data (benchmarking), and industry data (risk assessment) from a diverse, growing, and global collection of resources. As data is entered, we will get an immediate, real-time valuation of your business that changes and updates with market fluctuations.

Knowledge is power, and knowing your business’s value allows the business owner to ensure their plans and goals are on the right track— a business valuation can put you ahead, especially when working with a buyer.

Contact us for a reliable and accurate valuation of your business, which you can use to develop a realistic exit plan. Let us generate a business valuation to give you the facts to make sound financial and business decisions.

Dear Future, Im ReadyBefore you think about hanging your boots up— Are you ready? You see that question a lot when talking about succession and exit planning. Your financial and emotional readiness defines your transition readiness. The planning stage brings it all together, but we also need to address the emotional side. After all, we have seen business owners whose passion, hobby, and career are all wrapped up in their business. How do we not end up in the 75% of owners who played one round of golf and profoundly regret leaving their business in just 12 months?

Contact us, and we will partner with you to identify which value drivers will optimize your company’s value. The resulting exit plan will identify strengths, weaknesses, opportunities, and threats. Improving the risks and vulnerabilities will help determine the best timing and ways to exit your business at its highest value.

When to Start? NOW!

Exit MapYour business exit plan may include seeking to transfer ownership to family members, help employees in a leveraged buyout, or sell it to a third party. Each of those strategies could take years to implement in a way that maximizes value and minimize taxes. Let BEST lead your professional team through a collaborative process focused on supporting and accomplishing your objectives.

EXIT PLANNING

Seminar Video

The last two years’ events have profoundly affected professionals, with many choosing to retire early. As a result, we are experiencing an increase in both succession and exit planning across a wide variety of industries. 

Due to our Exit Planning Advisory services, BEST was asked to put together a seminar at a recent virtual trade event to address the coming surge of Baby Boomer retirements and business exits. Thus, we created a timely on-demand educational session on this topic called Succession Planning When There is No Succession that summarizes our exit planning process.

Free eBook for Viewing the Seminar!

Beating the Boomer BustFor viewing the seminar, simply complete the form information below or email us, and we will gladly send you a copy of BEATING THE BOOMER BUST by John F. Dini, CExP, CBI, CMBA, and Creator of The ExitMap® system at no charge.

The eBook is an informative look at the retiring generation of business owners and why preparation is vital to financial success. Also, let us know if you are interested in taking our FREE ONLINE ASSESSMENT.

Thank you, and let’s get started on your plan today!

EXIT PLANNING

The BEST Blog

BEST Receives the Certified Value Builder™ Designation

BEST invests in current and future business owner clients with the addition of a Certified Value Builder™ (CVB) Designation BEST keeps getting better – BEST Human Capital & Advisory Group proudly announces that Managing Partner Chris Cimaglio, CEPA, has earned and received the respected Certified Value Builder™ (CVB) designation from The Value Builder System™. Chris now joins an international community […]

Published Articles

PDFSuccession Planning When There Is No Succession
December 1, 2021
By: Chris CImaglio

There’s one indisputable fact—100% of owners eventually will exit their business. It could be through family succession, sale, liquidation, closure, death, or any number of reasons—many of which are outside the owner’s control…

PDFManagement — Making the Transition
September 15, 2021
By: Chris CImaglio

Do you have a strategy for the emotional side of career transition and exit planning? According to an Exit Planning Institute (EPI) report, over 75% of business owners who sell their business profoundly regret it within a year after the sale. Many owners end up grieving the loss of their business for years…

PDFHow to Manage Succession Planning When There is No Succession
May 18, 2019
By: Chris CImaglio

It’s hard to transition when no family is in place to take over, but that doesn’t mean the planning should stop. It is more important than ever to get started…

The single largest financial transaction of your life deserves special attention. 

Are you planning to exit and sell your business? Exit planning is quickly becoming a buzzword in the legal and financial communities. Your professional advisors are positioning themselves to provide tax, risk management, wealth management, and contract preparation services. BEST Exit Plan Advisor has been trained to manage your team of tax, legal, business, and financial planners to navigate your exit strategy. If you want to see how prepared you are for transition, take the Free 15-minute Assessment: ExitMap Assessment Widget

Your ExitMap Blog

Your ExitMap Blog gathers contributions from top exit planning professionals across the country indexed into four categories. They include select strategies for planning your exit, ideas for building your company’s value, transfer options you can choose from, or preparing to enjoy your post-exit lifestyle. This page shows the most recent posts from Your ExitMap Blog.

THE TIME TO START IS NOW!

Contact Chris Cimaglio, CEPA or Ben Molenda Today!

The single most significant financial transaction and career transition of your life deserve special attention. We look forward to talking with you about how BEST Exit Planning can help you and your business successfully transition to new leadership. Regardless of whether you want to move on in 1 year or 5 years, the time to start planning is NOW. Contact us today:

General Email: info@bhcagroup.com

+1 317 757 3888

5809 N. Post Rd., Indianapolis, IN 46216 USA

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WHEN GETTING THE RIGHT CANDIDATE IS NOT ENOUGH

BEST Business & HR Advisory Services

Employee Engagement

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In our continuing effort to bring the BEST tools and insight to our clients for engaging teams at work, we have partnered with Emplify (a 15Five Company), a Forbes-recognized employee engagement firm…

Employee Handbook

Employee Handbook Advisory Service

Let our seasoned, BEST HR professionals with decades of experience in HR management guide you through this process and help you develop an Employee Handbook that gets everyone on the same page…

Interim HR

Interim HR Leadership

We provide interim human resource leadership for companies going through mergers and acquisitions, suffering from operational or financial distress, seeing explosive organic growth, and more…

Succession Planning

Succession & Exit Planning

We help identify and grade your talent for leadership succession. We have also partnered with The ExitMap® to provide high-level and high-return exit planning for company owners…

Workforce Planning

Workforce Planning & Development

Effective planning and best practices for onboarding, recruiting, and employee retention. Workforce planning and development tend to be the Achilles heel for many businesses, large and small…

WR2 Human Resource Audit

WR2 Human Resource Audit

An extensive and user-friendly analysis and audit, which mitigates compliance issues, and identifies strategic human resource improvements. Middle market businesses often suffer far more exposure…

    BEST Human Capital & Advisory Group is a retained executive search and business advisory/consulting firm that specializes in small-to-medium sized companies, with an emphasis in the horticultural, hydroponics/cannabis, consumer products, crisis management and business restructuring categories. BEST serves companies nationwide and globally in an active and evolving market. Through a well-connected network of colleagues and a sophisticated predictive behavioral screening system (that we call “BEST Behaviors”), BEST drives our client’s growth and success through a focused and consultative approach.

    ADDRESS

    5809 N. Post Rd.
    Indianapolis, IN 46216

    PHONE

    1-317-757-3888

    EMAIL

    info@bhcagroup.com

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