Exit Planning – Certified Exit Planning Advisors
Forecast Strategic Advisors’ Clarke Langrall is a Certified Exit Planning Advisor.
There are only a handful of Certified Exit Planning Advisors (CEPA) in the United States. If you are planning to entrust someone with your life’s work and making sure that you “Exit” correctly, make sure you are working with someone who understands how best to help you – someone who’s certified and demonstrates Exit Planning experience.
You will leave your business, but on whose terms? A 2013 PWC business transaction study noted three out of four owners when asked 1 year after the transition from their business indicated they would have done it differently if given the opportunity to do it again. Exit Planning is the careful consideration of all the facts involved in running your business after you leave and developing a comprehensive plan that includes:
• Who will run the business?
• How much will I get paid for the business?
• What impact will the business have on family, employees and its reputation when I transfer it?
These considerations and more make up important items when considering Exit Planning. Many people confuse Exit Planning with Succession Planning. Read More about the differences.