Women Entrepreneur Week: Planning an Exit Strategy for Your Business

The Texas South-West SBDC's have partnered together to bring you expert content to help your small business grow and succeed. The rise in women entrepreneurs tells us women are a force to be reckoned with. Beginning November 8th, we kick off 2 weeks of showcasing events geared toward women entrepreneurs and providing valuable resources to allow women to continue breaking glass ceilings.

Why should a business owner start a plan for exiting their business? It is in the business owner’s best interest to start planning for their exit three to five years before they exit. If a business is doing well when the time comes for an exit, the exit strategy should maximize business worth. An exit strategy is a plan that moves the business toward long-term goals and allows a smooth transition to the next phase of the business. It’s a plan that includes both internal and external considerations of the business. Having a good exit strategy in place will ensure that the business will be at a place to provide more opportunities to optimize business options. Not every exit strategy is the same, it varies by business and the intent by the owner. Learn about the factors needed to understand if your business is scalable.

Your business is something that you have grown and nurtured over the years. Leaving the business can be emotional and overwhelming. Come learn more about how to effectively plan for the next phase of your business!

Jana Minifie, Ph.D., MBA, BCA, ECA

Professor, Department of Management at Texas State University @ Co-Founder, SVV Consultants, LLC

In working with entrepreneurs and small businesses for over 20 years, many times founders believe that the financial value of their business is different than the actual marketplace value. Jana is a certified business appraiser who can assist founders to understand why the market values their business at a particular rate.

Bill Thompson, M.Ed., M.S., BCA, ECA

Co-Founder @ SVV Consultants, LLC

Bill Thompson has been counseling entrepreneurs for ten + years. In addition to advising clients at the Texas South-West Small Business Development Center through Texas State University, he has conducted feasibility studies, business valuations, and business plans for hundreds of satisfied clients.