Master Your Exit Plan

Sell Your Business, Preserve Your Legacy

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Pub Date Apr 19 2022 | Archive Date Oct 05 2022
Emerald Lake Books | Independent Book Publishers Association (IBPA), Members' Titles

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Description

Only 20 percent of businesses brought to market actually sell.

(And 75 percent of those business owners regret selling their company afterward.)

That’s because those owners were ill-prepared for their business exit and what life would be like after they no longer had their business to work in.

Suddenly, they’re faced with a diminished social circle, too much time on their hands, worries about former employees and customers, and sometimes the stark realization that they didn’t make enough money from the sale to actually support the lifestyle they desire.

How can you successfully navigate this process to avoid all those problems?

You need a Master Exit Plan. This is a proven process that guides you to the best exit strategy for your unique circumstances, while protecting your wealth, family and legacy.

Written in layman’s terms and applicable across industries, Master Your Exit Plan clearly walks you through the traditionally difficult process of exiting your business. In it, the creator of the Master Exit Plan, Chris Vanderzyden, shows you how to sell your business, avoiding costly mistakes, by successfully executing your own Master Exit Plan so you can preserve your legacy and enter your next chapter with no regrets.

A Master Exit Plan consists of six steps that, when executed properly, will guide you from confusion to clarity regarding your business exit.

1. Identify Your Business, Personal and Financial Objectives
2. Understand Your Business Value and Optimization Opportunities

3. Assess Your Business Risk

4. Recognize When It’s Time to Exit

5. Understand the Steps to Sell Your Business

6. Protect Your Wealth, Family and Legacy

Most business owners don’t have the knowledge necessary to successfully sell their business. However, executing your own Master Exit Plan will enable you to take your business from equity to liquidity and enter your post-ownership life with a full understanding of the financial and personal impact.

If you own a business that you hope to exit someday, this is the best strategic business planning book you could buy! The last thing you want is for your post-ownership life to be less than you imagined or for your retirement to be in jeopardy because you can’t financially afford it after all the years of work you put in.

Only 20 percent of businesses brought to market actually sell.

(And 75 percent of those business owners regret selling their company afterward.)

That’s because those owners were ill-prepared for their...


A Note From the Publisher

Contributors: Jeff Carey, Michael Heberlein, Jonathan B. Kim, Tom and Cathy Rogerson

9781945847554 (paperback)
9781945847561 (epub)
B09WNFD4D7 (Kindle)

Contributors: Jeff Carey, Michael Heberlein, Jonathan B. Kim, Tom and Cathy Rogerson

9781945847554 (paperback)
9781945847561 (epub)
B09WNFD4D7 (Kindle)


Advance Praise

"Having a Master Exit Plan provided me with the information I needed to make the right decisions when I sold my business. Understanding the M&A process was critical when executing my Master Exit Plan and resulted in my receiving the best price and terms. If you want to be successful in selling your business, read this book. It will mean millions of dollars more in your pocket."
— Paul Milano, former owner, Stellar Building Technologies

"Creating a thriving business is a dream for entrepreneurs. Yet growing a business is all-consuming. While a lucrative exit is often back-of-mind, it is rarely planned or thoughtfully aligned with personal, financial or post-sale goals. In Master Your Exit Plan, Chris Vanderzyden provides a roadmap with easily understood steps and illustrative cases. This book is valuable to all business owners. As an entrepreneur myself, I wish I had these insights three businesses ago. This book is a must-read, whether you are a seasoned owner looking to sell a business or an entrepreneur just getting started."
— James C. Fitchett, Harvard University faculty

"Entrepreneurship is the pillar that supports our communities. And every owner will inevitably exit their business. Master Your Exit Plan is a great educational tool that provides business owners with the necessary guidance to ensure a successful transition so their businesses and our communities will continue to thrive."
— Steve Mariotti, Founder, Network for Teaching Entrepreneurship

"The second best way to Master Your Exit Plan is to have one! The best way is to have a master advisor to aid you in navigating the process. Chris Vanderzyden shows you how to navigate the obstacles and come out on top with any merger or acquisition!"
— Jeffrey W. Hayzlett, Chairman and Founder, C-Suite Network

"You spend your life building your business, and you only have one shot to sell it. Surround yourself with the right team and you will get the right results. Master Your Exit Plan is a must-read for any business owner, no matter what stage you are in. Chris Vanderzyden has tackled the issues all of us business owners face or will face and has laid out a roadmap for all to follow. Abraham Lincoln once stated, 'A man who represents himself has a fool for a client.' If you try to go it alone, well… Abe stated it well."
— Mike Allen, CEO, Flatirons Capital Advisors

"Read this book to acquaint yourself with smart strategies that set you and your business up for the next chapter. Combining her seasoned expertise with the acumen of business planning advisors, Chris Vanderzyden, breaks down exit planning into thoughtful and manageable steps designed to optimize value—for you and your legacy. Clear. Instructive. Actionable."
— Tracy Shaw, Vice Chair, SCORE Association Board of Directors

"At Commonwealth Financial Group, we often encounter business owners who are considering the sale of their business but lack guidance. There is a lot to consider when selling your business and Master Your Exit Plan will provide you with practical advice and strategies so you can maximize your results upon exit. This is a must-read for all business owners."
— Eric Spindt, CFP®, President and Managing Partner, Commonwealth Financial Group

"As a business owner, I can attest to the fact that planning for my eventual exit seems overwhelming, and the exit strategy options are confusing. Chris has written a terrific guide with clear steps as to how to go through this process and strategies that will maximize the value of your business, while minimizing the stress on you. Read this book and be armed with the information you need for a successful transition to 'what happens next.'”
— Brian S. Crafts, President, FMC Technologies

"Master Your Exit Plan presents the often complex process of selling a business in a clear and concise manner. Chris Vanderzyden arms the reader with valuable information that will save sellers from making costly mistakes. The book is a must-read for every business owner, regardless of the stage of development of the business."
— Pieter A. Weyts, JD, MBA, Partner, NEXT Legal, PLLC

"Author and Legacy Partners managing partner Chris Vanderzyden uses her decades of experience to enlighten readers on how to avoid many of the mistakes made when planning for and selling a business. 'Master Your Exit Plan' will benefit all business owners—large or small. Read this book today, because your exit may be here before you know it."
— Sharon Sayler, MBA, PCC, Founder, Competitive Edge Communications and author of What Your Body Says and How to Master the Message

"Having a Master Exit Plan provided me with the information I needed to make the right decisions when I sold my business. Understanding the M&A process was critical when executing my Master Exit Plan...


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Available Editions

EDITION Hardcover
ISBN 9781945847578
PRICE $29.99 (USD)