ABSTRACT
Business risk analysis is part of the planning process. Risk and 'worry' are intrinsically linked. By identifying the risks which lie ahead, we reduce the worry and help bring about a more balanced working environment. Exit planning is about controlling how and when entrepreneurs exit their business, while maximizing value, reducing risk, and preserving wealth. An exit strategy is a planned approach to terminating entrepreneur's business in a way that will maximize benefit and/or minimize damage. The benefits of exit planning can be summarized as follows: clarifies entrepreneur's best transfer option and timing, identifies value and marketability gaps, increases shareholder value, positions the company to attract more and better buyers, ensures business continuity, makes ownership transfer more seamless, increases cash proceeds, minimizes taxes, minimizes financial risk and prevents costly mistakes. The planning phase starts with selecting entrepreneur's best exit options and time frame.
