Warther Consulting - Warther Consulting

Succession Planning
Exit Planning

Succession Planning

Business succession planning is an important part of the business process. Many people are unclear as to the difference between having a succession plan and having an exit strategy. In the simplest terms, the succession process involves replacing the owner of a company by moving key employees and/or family members into leadership positions and preserving the value of company, whereas the exit plan focuses more on the monetary aspect of extracting maximum value from the company in order to reach the owners financial goals and allowing the owner to pursue the next stage of their life.

Key Steps in the Succession Plan:

  • Developing a clear focus and direction
  • Identifying roles for succession
  • Assessing the time frame necessary to execute the plan
  • Developing management and other key employees
  • Improving workforce capabilities and overall performance

Biggest Mistakes Business Owners Make:

  • No succession plan at all
  • Failure to address who will be assuming your role and other key positions once you are gone
  • Failure to properly evaluate the value of the business
  • Failure to plan for contingencies

Exit Planning

Exit planning helps business owners set, sort through, and achieve their exit objectives. It enables owners to leave their companies when they want, to the successors they want, and with the amount of cash they need.

If you see ownership change in your future, we can help you plan a successful business exit. We can help you answer the seven planning questions located on this page and identify qualified advisors to help you through the process.

Our Exit Planning Experience

As a Member of BEI's Network Of Exit Planning Advisors™ , we have accrued and continue to accustom ourselves with on-going training and information about a variety of cutting edge Exit Planning techniques. We belong to a nationwide network of professionals in other disciplines experienced in the Exit Planning process.

What We Offer Business Owners

  • We have tools available to assist in the creation of a procedure list stating actions to be taken, due dates, and the advisor responsible.
  • No-cost initial consultations to explain how the exit process works.
  • State-of-the-art exit planning resources.
  • Our relationships with specialists and professionals in other disciplines experienced in the exit planning process ensure you find the advisors you need to assist you further.