De-Risking Your Exit: Utilizing Risk Management to Protect Business Value and Personal Wealth
De-risking a business is critical to ensuring an owner receives the highest valuation at the time of exit. A key component of demonstrating value to buyers is having a sound risk management program in place that aligns with the strategic goals of the company and its owner. Unfortunately, putting together a risk management program through a comprehensive review may be a relatively low priority for many business owners preparing to exit. Making the assumption that all is in place could have significant consequences. A poorly conceived and/or executed risk management plan can be dire, including completely de-railing a business owner’s exit. Beyond the business, an owner must have a personal risk management plan in place to avoid the distraction and personal financial impact that comes with a significant loss or liability judgment.
- Recognize the risks/exposures that are inherent in a business before, during, and after exit.
- Understand the key objectives of an effective business/personal risk management program.
- Identify the specific risk management approaches/tools used to avoid or mitigate de-valuing/de-railing impacts to a business/business owner.
- Understand the steps to de-risk your business and yourself.
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