Business leaders and owners frequently approach business succession and exit planning like a new fitness routine. You know it is necessary, but it always seems to be something that can wait until tomorrow. Let’s work on that…
1 of 3 things will happen with your business: you will shut it down, sell it, or transition it to a family member or employee, but…
These are the staggering numbers every business owner should know. According to the Exit Planning Institute:
✏️ 50% of business owners will exit involuntarily, and not by choice. The 5 Ds: death, disability, divorce, disagreement among partners, and distress. (We often add a 6th D for the “dumb stuff” that can blindside any business.)
✏️ 75% of owners “profoundly” regret leaving their business within one year.
✏️ 100% of owners will exit their business someday. No survey needed for that one.
As former business leaders who have navigated multiple business transitions, we can tell you that these aren’t just statistics. We’ve seen firsthand what happens when an owner is forced to exit without a plan. It’s not just financial. It’s personal.
As current and former business owners, we know your challenges. Our BEST-PivotPoint Team of Certified Exit Planning Advisors (CEPA®), Certified Value Builders™, and Accredited Value Guides™ is extensively trained and focused on one thing: ensuring your transition happens on your terms, not someone else’s.
Whether you’re thinking about stepping away in two years or twenty, the best time to start planning is before you have to.
Take our complimentary ExitMap® Exit Readiness Assessment. It takes 10–15 minutes, requires no confidential information, and we’ll personally review your results and share what we see. No strings attached.
Take our other complimentary readiness assessments. They take about 15 minutes or less, but are incredibly insightful and helpful as you begin your succession and exit planning journey. Take the assessments today, and let’s have a confidential discussion about the future.
PREScore™ is an 8-minute, online questionnaire that evaluates a business owner’s readiness to exit their company on a personal level. Using an exclusive algorithm, it calculates an owner’s readiness by identifying their status on four drivers of a satisfying exit.
Value Builder™ is used by over 80,000 businesses 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.
The Freedom Score (or Freedom Point) is a 10-minute online questionnaire that evaluates your financial readiness to fund the next phase of your life after your business when the sale of your company will generate enough to fund your desired lifestyle for the rest of your life.
Discover how BEST-PivotPoint Business Solutions can support your company in navigating succession and exit planning to achieve your long-term goals without regrets.
A business valuation and assess your personal, business, and financial readiness.
Identify key drivers of growth and gaps to achieve the best possible sale price.
We work with you and your team to prepare for a smooth transition, without regrets.
CEPA®, Certified Value Builder™ Advisor, Accredited Value Guide™, Professional ExitMap® Advisor, MBA
As the former leader and CEO of a multi-generational family-held company, Chris closely defined the business ownership succession, gaining deep insight into the legal, financial, strategic, and emotional challenges of multiple family stakeholders. Since then, he has helped many owners transition from their businesses via family succession, internal transfer, ESOP, or a third-party sale. Chris has authored many articles on succession and exit planning in industry publications. He has been a speaker, seminar, and webinar host multiple times at Cultivate, Farwest, TPIE, and the Garden Center Conference & Expo.
Business Advisor, Certified Value Builder™
Ken has more than 30 years of experience providing strategic guidance for companies in the multi-store retail and horticulture space. He has helped companies of various sizes, stages, and ownership structures grow their value through his expertise in sales, marketing, forecasting, and P/L planning. He has a strong background in Retail as Director of Marketing for Staples, and Direct-to-Consumer Gardening, having served as CMO for Stark Bro’s Nurseries & Orchards Co., VP of Marketing & eCommerce for White Flower Farm, and Director of Marketing for Jackson & Perkins. He was the first recipient of Staples’ “In Search of Excellence” award and is a frequent author, and speaker at industry events.
Managing Partner,
BEST Human Capital & Advisory Group
Todd is a trusted human capital advisor and management consultant across multiple industries and sectors. His experience includes advising and assisting companies in evaluating, developing, and executing strategic hiring plans; behavioral-based assessments; benchmarking; building and reorganizing corporate teams; onboarding; evaluating and negotiating compensation standards; succession and exit planning; and retention. Todd is a leading industry authority, and is a frequent author and speaker. He also continues to partner with leading advisory firms to successfully turn around distressed companies, or prepare them for the future.