9 May 2016

Understanding your lifestyle is the key to a good exit

Carbon’s Richard Wadsworth recently provided some valuable input for an interesting article entitled, “Cashing in not selling out: what are the choices for exit”, which appeared in the latest edition of Business Insider magazine.

The article explores the value for business owners in giving serious consideration to succession planning if they are to achieve their ambitions for the future. Depending on the type of business and the circumstances, there are many options available to the business owner; Trade Sale, Family Acquisition, Management Buyout, and Initial Public Offering (IPO) are among some of the options explored as potential exit vehicles.

Richard’s contribution focuses not on the business valuation, but the lifestyle the business owner would like after he or she exits the business, and what the ‘price tag’ is for that lifestyle.

As Richard points out, some lifestyles require a greater degree of income than others. And, considerations such as how much you intend to work in the future, or whether or not you intend to invest in another business must be determined before you reach a final decision to sell. He points out that good financial planning advice will help you establish what you need, and it will enable you to realise your dreams when you do sell.

It is a very interesting article for anyone in business, whether you are getting ready to retire or not, it’s never to early to start planning for the future. You can read the whole article here, or by clicking the image below.

Richard is a Chartered financial planner, Certified financial planner, Fellow of the Personal Finance Society, Fellow of the Institute of Financial Planning, and Affiliate of the Society of Trust and Estate Planning. He works with clients in Scotland and in London and has particular expertise in helping individuals and families pass wealth down the generations. View Richard’s profile here.

If you would like to discuss your financial planning options, please contact us with any questions you might have. You can do this by calling our head office on 0131 220 0000, or by emailing us at or you can also follow us on Facebook, Twitter or LinkedIn.

Business Insider

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