The majority of successful business owners are baby boomers and most want to exit their businesses within a decade, according to a study by Doloitte & Touche, LLP. 

Over the last 20 years Majcher Group has worked with business owners from all walks of life.  Most did not have a written plan to exit the business.  Many believed a buy-sell agreement was adequate.  It is not,  and most of these buy-sell agreements were outdated. A successful business exit should contain five elements.  These elements are:    

1. A written exit plan based on the owner's objectives;
2. An experienced advisor team;
3. Cash flow and a quantified business value;
4. A capable management team; and
5. Time.

Majcher Group uses a proprietary process that is owner-centric.  This approach is based on our decades of experience in working with business owners and family interests.  The steps in our exit planning process are:

1. Identify owner objectives;
2. Quantify business and personal financial resources;
3. Maximize and protect business value;
4. Ownership transfer to third parties;
5. Ownership transfer to insiders;
6. Business continuity;  and
7. Personal wealth and estate planning.

This systematic approach ensures that the factors critical to the business owner's exit objectives are considered in an efficient manner.  We incorporate existing work that may be relevant and avoid duplication of effort.  Working with your existing advisors makes this approach the fastest, most cost-effective way to exit your business in style.

There are several reasons to use a professional advisor for planning and executing an exit strategy:

• You likely will sell or transfer a business only once in your lifetime. This task is too important for on-the-job training.
• It is a demanding, distracting and time-consuming process.
• Business performance can suffer if key people are distracted.
• There are many types of buyers in the market that are unknown to you.
• You can make better decisions if there is some distance from the details and negotiations.

Majcher Group is the authority on Exit Plans for family businesses and closely-held companies.