Building blocks for success

There are many considerations, both personal and professional, you must make as part of building a successful business exit strategy. Picking a principal, trusted and experienced financial professional is paramount to the success of any business exit.

It is beneficial to establish a framework of experts from the outset. We believe a Bespoke Investment Management team should be one of the first appointments that you make. Building a trusted relationship will allow them to thoroughly understand your personal and business circumstances, objectives and long-term financial goals.

If introductions to relevant solicitors, accountants or other financial professionals need to be arranged, your Bespoke Investment Management team will be expertly positioned to facilitate introductions to their trusted network of specialists. It’s important that all parties are able to communicate openly and transparently regarding your exit strategy and longer term personal objectives.

We believe closely considering the following aspects of your exit plan, along with the help of a skilled team of corporate advisers, can help you optimise the planning and execution of your exit strategy pre, during and post-sale. 

• Valuation – obtaining a realistic value from specialists who understand the business model and industry is extremely important.
• Preservation – preservation of the business and implementing enhancements that will increase its worth should be carefully reviewed.
• Safeguarding – considering the worst case scenarios is as important as the best case outcomes. Taking out the correct insurance during this process is vital for the business.
• Apprehensions – key employees and stakeholders are important individuals to consider in this process. Addressing their thoughts early on will help to reduce obstacles later.
• Identify – identifying what you want to achieve through the sale will help to enable the right buyer to be identified.
• Negotiations - taking time, being clear on objectives and approaching negotiations judiciously will enable you to secure the best outcome for your business exit.