The Aftermath Of Your Exit — Plan Ahead
Sep 13, 2023
Maximising valuation and terms are the exit focus. But a practical post-exit transition plan is also key.
Post-Exit Planning Thoughts:
> ONE SOURCE OF TRUTH. Document knowledge so operations don’t rely on you post-exit.
> NURTURE A #2. Identify a MD/COO for continuity.
> COMMUNICATE WITH TEAM. Be transparent to retain talent during transition.
> CONTINGENCY PLAN. If someone critical leaves, cross-train others as backfill.
> YOUR ROLE? Get clarity on acquirer’s expectations of you and incentives.
> LEVERAGE EXPERIENCE. Avoid mistakes by getting support from veterans.
> START EARLY. Waiting until exit is too late.
A smooth, accelerated exit takes time and methodical preparation. Start planning well in advance.
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