Intentional Growth

#315: Understanding the 5 Main Exit Options for Your Business with Ryan Tansom


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Ep. #1 [THEME FIVE]
 
Today we’re kicking off our next mini-series theme: Through the Eyes of the Buyer: Understanding Your Exit Options. 
 
In this episode, host Ryan Tansom is running solo and lays the foundation for the following episodes where he interviews a wide variety of business buyers. Today Ryan gives an overview of each of the 5 major exit options and how you, as a business owner, can decide which exit option is best for you. 
 
When listening to this episode, it’s important to remember the concept of “ownership vs. management roles” and how they need to be separated so you can learn how to build a path forward for each. This is extremely important because your management role and ownership role (your equity) are impacted differently with each exit option.
 
For example, you could exit your ownership role by selling the equity in your business (your financial asset) AND continue running the company as the CEO if you want, OR you could quit your W2 job while still staying an owner by keeping your equity in the business. 
 
Like many of our listeners, you may be asking questions like: “Even though I don’t want to sell, what are all my exit options and how do they work?”; “Which exit option is best for me?”; or “How do I know if I am handing the keys to my business over to the right buyer?”
 
Today’s episode is a great starting spot to help you clarify the variety of ways you can exit a company and what’s important to think about as you begin to explore the topic.
 
// WATCH THE INTERVIEW ON YOUTUBE: Intentional Growth™ Podcast 
 
What You Will Learn
Introduction to the 5 main exit options in the Intentional Growth™ Principle #3:
Why, and how, Arkona chose these 5 main exit options. 
The importance of understanding the difference between your ownership and management roles on the various exit options.
Things to consider when looking at an internal transfer/buyout.
What an acquisition entrepreneur/search fund is, how it works, and why it’s become popular.
Overview of what an ESOP is and how it works.
Why an ESOP can provide some huge tax breaks.
Overview of the private equity landscape and the different flavors that have started to become popular.
Why all private equity firms are not created equally.
Ways to figure out if a business buyer’s core values are aligned with yours.
How to
...more
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Intentional GrowthBy Arkona - Intentional Growth