Product Description

Written by John Leonetti—attorney, wealth manager, merger and acquisition associate, and fellow exiting business owner in his own right—Exiting Your Business, Protecting Your Wealth will guide you in thoughtfully planning out your exit options as well as helping you analyze your financial and mental readiness for your business exit. Easy to follow and essential for every business owner, this guide reveals how to establish an exit strategy plan that is in harmony with your goals.

Product Details

• Amazon Sales Rank: #410008 in Books
• Published on: 2008-10-06
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 238 pages

Features

• ISBN13: 9780470376188
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

Review
"Examines how to protect illiquid business wealth when owners of privately held businesses exit their companies. Discusses exiting as a process not an event; setting exit goals; whether you are ready to leave-the mental game of business exits…." (Journal of Economic Literature, June 2009)

"With considerable experience in the realm of exit planning, author John Leonetti helps business owners assess their exit readiness in order to choose the option best suited for their level." (Journal of Accountancy, April 1st, 2009)

From the Inside Flap

EXITING YOUR BUSINESS, PROTECTING YOUR WEALTH

Exiting your business is likely one of the most important financial events of your life. As a business owner or entrepreneur who is looking to protect the illiquid wealth that has accumulated in your privately held business, you will face a number of obstacles in developing and executing an exit strategy plan that suits your needs.

Written by John Leonetti—a business owner, attorney, wealth manager, merger and acquisition associate, and fellow exiting business owner in his own right—Exiting Your Business, Protecting Your Wealth will guide you in thoughtfully planning out your business's exit by illustrating your exit options as well as helping you analyze your financial and mental readiness for your business exit. Providing a simple, step-by-step process that you can start using right away, this savvy guide reveals how to:

• Set your exit goals

• Determine if there is a financial gap you need to worry about

• Decide if you are really ready to leave

• Tell you what type of exiting owner you are

• Illustrate your exit options

• Measure the "range of values" for your business

• Assemble your advisory team

• Understand how taxes, deal structuring, and legal agreements will impact your exit

• Establish a customized plan for your exit that protects your hard-earned wealth

An exit strategy is not the same as the sale of a business. This practical guide helps you understand the difference and offers a process that begins with examining your personal readiness for an exit and ways to protect your wealth, through building and executing a customized exit strategy plan. Easy to follow and essential for every business owner, Exiting Your Business, Protecting Your Wealth shows you a better way to establish an exit strategy plan that is aligned with what you would most like to achieve and in harmony with your goals.

From the Back Cover
Praise for EXITING YOUR BUSINESS, PROTECTING YOUR WEALTH

"Every business owner and entrepreneur needs to read this book and then follow its directives to the letter. Absolutely essential!"
—Michael E. Gerber, founder/Chairman/CEO, Chief Dreamer Enterprises, and author of the E-Myth books

"The marketplace of privately held businesses and the advisors who serve them has been waiting for and is very much in need of a book like Exiting Your Business, Protecting Your Wealth. This guide for owners and advisors illustrates how illiquid wealth that is trapped inside of a private business can be liberated and used to meet an exiting owner's personal goals. With literally millions of Baby Boomer business owners facing the challenging task of transitioning out of their businesses, Leonetti has developed a blueprint that can benefit virtually any private company owner who is looking for a solution to their business exit."
—Rob Slee, private markets guru and author of Private Capital Markets

"A priceless gem full of timeless wisdom and accurate insights. This book will help you and your advisors to achieve a more effective and graceful exit from your business. I highly recommend that you and your advisors follow John's counsel. Doing so can dramatically improve your outcome."
—Bruce R. Wright, author of The Wright Exit Strategy: Wealth—How to Create It, Keep It, and Use It; inventor of Macro Strategic Planning

Are you thinking about exiting your business?

Are you financially prepared?

Are you mentally prepared?

An essential guide for exiting business owners, Exiting Your Business, Protecting Your Wealth helps you understand:

• The secret to setting exit goals

• How to know if you're ready to leave, or if you're addicted to your business

• The exit options that are available to you

• The "range of values" of the options you consider

• How to work with your advisors to design your exit strategy plan

• How to execute your exit strategy plan to meet your goals

Exiting Your Business, Protecting Your Wealth will make this process easier with straightforward guidance for developing a focused and successful exit strategy plan.

Customer Reviews

Systematize your biz so it can run w/out you.Then you will be in a position where you can sell or let your relatives takeit over

I liked this book a lot. It has an Introduction and 15 chapters divided into the following three parts or sections:

I. Preparing for your exit
II. Knowing your options
III. Planning your exit

I thought the book was well written, well outlined, and full of good content. It was written by an attorney who advises clients on how to clean up their businesses so they can be sold or handed down to the owner's offspring.

Creating a successful business is an uphill battle for many. And what the definition of a successful business is depends on who you ask. A small business that provides a job for its owner/operator whereby that person earns $150,000 a year in taxable income very well might be considered successful. But what would happen if that person died? Would the business still bring the subsequent owner $150,000? Maybe, maybe not!

What this book covers is the arsenal of issues that one must consider if they have a small business they want to either retire from and sell out profitably, or pass down to their offspring or other relatives. A business that is really an alterego of its owner is not worth all that much. And such businesses are hard to sell for a nice sum. In those instances, when the centerpiece of the company moves on, then so does the revenue stream. Not a good thing when you want to sell a business.

Another book I read that kind of touched on the issues in this book was "Instant Systems" (ISBN: 9780071466707). The point is that if you don't systematize your business, then you won't have anything to sell. And "Exiting Your Business" is about selling your business or passing it on to relatives.

This book not only includes exiting strategies regarding the sale of the business to another company, the company's employees, or some rich individual. But also covers estate planning and tax planning issues, too. It's really a well though-out and extensive book on its subject. 5 stars!

PS. Take a look at the Search Inside feature that Amazon provides for this book. There you can examine the Table of Contents and see for yourself what exactly is covered.

A Must-Read for the Small Business Owner
If you own a business, you need to read this book. Even if you aren't thinking of selling or exiting any time soon, this insightful book will help you think about your business as an investment, instead of as a job. You will know what the final "play" looks like...so you can make the decisions NOW to get there. Far from being a stuffy legal treatise, it is a practical how-to manual that lays out the options and provides real life scenarios that make them come to life. I highly recommend this book!

Marcia Bench, Purposeful Entrepreneur Success Coach (and former business lawyer)

A must for business owners who want to move on
There comes a time when one must leave what they have worked on for so long. "Exiting Your Business, Protecting Your Wealth: A Strategic Guide for Owners and Their Advisors" is a guide to extracting oneself from one's business. An exit strategy for business is needed, in order to keep one's own prosperity as well as that of the businesses. With special chapters on realizing when one is a workaholic, moving onto a different career or retiring, and setting realistic exit goals, "Exiting Your Business, Protecting Your Wealth" is a must for business owners who want to move on.