Perhaps Charles Dickens said it best in his book, “A Tale of Two Cities”:
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”
And ultimately, it was the season of recovery for those who adapted and overcame!
The same is true of exit planning during these uncertain times. Business owners who are planning ahead, realizing that buyers will be aggressively looking for acquisitions over the next several months, will reap the rewards of proactive exit planning.
Those that wait for the phone to ring… Well, good luck with that…
The reality is that exit planning is a living tool; a process, not an event, that every business owner should be working on no matter what the economic cycle may be. As another well-known author once wrote:
Sadly, far too many business owners fall into this trap of not planning for their timely exit and are then forced to do so as a result of external circumstances. Or they grow old and weary hoping that their kids will want to take over the family business. Very few do.
So, our advice during these turbulent times is the same even when times are lovely: Make a plan for your exit, choose when and how you want to exit, and work with an exit planning professional firm to help you carry this plan out.
Here is some wise counsel from a few of the over 900 business owners we have helped on their exit journeys:
The common theme you will hear in these video clips is two-fold: You have to plan ahead if you want a successful and profitable exit AND Generational Equity can help you get there (no matter what economic circumstances we may be facing).
As we often say, there are two types of business owners we have met over the years:
Clearly it is far better to be in the latter group. So where are you in your exit planning journey? Planning to wait until all this has cleared up? Or maybe after the election? Or five years, 10 years, 20 years or more?
No matter how you answered that question, it is vital to get the professionals with Generational Equity involved sooner rather than later. Why?
Because the firm offers a full range of services to business owners no matter where their business may be in its life cycle. Here are a few of our teams we have to offer you:
If you look at each of these websites, you will see that our team can help you to prepare for your exit years long before you plan to. We can then guide you to that successful exit and finally help you manage your new-found wealth. So, we can be with you from the very outset of your journey to the moment your next chapter begins.
In closing, we know that these are very turbulent times for many of us in many ways. What we have seen over the years is that through any challenge, even as tragic as 9/11, the American spirit of overcoming adversity is as strong as ever.
We wish you, your business, and your loved one’s safety and good health during this time. In the midst of challenges there are always blessings and opportunities. This situation is no different. History shows us that this too shall pass, and that when it does, we will emerge stronger than before.
Our goal is to help business owners protect and grow their largest investment via an exit planning journey that works no matter what crisis we may be facing!
Carl Doerksen is the Director of Corporate Development at Generational Equity.
© 2020 Generational Equity, LLC All Rights Reserved
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.Pete L.
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.Andy Graham, Vice President, Modern Heating & Plumbing
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”Karen S. Williams, CFO, BW Manufacturing
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.Robert Evans, President and CEO of Mealtracker Dietary Software
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.Michael J Polarek, President, Paragon Packaging
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.Karen S. Williams, CFO, BW Manufacturing
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!Andy Graham, Vice President, Modern Heating & Plumbing
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.Robert Evans, President and CEO of Mealtracker Dietary Software
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.Larry Moore, Owner, A Company Portable Restrooms
Generational Equity’s assistance was invaluable in compiling and marketing our business.Bil MacLeslie, CEO, ipHouse
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.Ralph Noblin, President of Noblin & Associates
We thank you Eric and Generational Equity making our dream come true.Larry Moore, Owner, A Company Portable Restrooms
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.Terry D. Wickman, President, Keytroller
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).Bil MacLeslie, CEO, ipHouse
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Terry D. Wickman, President, Keytroller
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.Jay Dinnison, Owner of Sharpe Mixers
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.Michael J Polarek, President, Paragon Packaging
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.Bil MacLeslie, CEO, ipHouse
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.Jay Dinnison, Owner of Sharpe Mixers
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