Understand the importance of planning a business exit strategy in advance.
Description
Business owners may choose to exit their business for a variety of reasons and it is important that they have an exit strategy worked out in advance so that both, the owners and the business, achieve the best outcome when that time comes.
Every business is unique and accountants who serve business owners want to help them make the best decisions based on their goals, circumstances and the options available to them.
This course helps you understand and communicate to your clients the consequences of not having an exit strategy in place, encourage clients to proactively think about their parting and other key considerations.
Key Topics
- Reasons for business exit
- Communication skills
- Recommending strategies
- Tax considerations and planning
This course consists of one online course and one online assessment.
This module is one of a series within the Strategy component of the My Firm. My Future. Framework. It is designed to complement other learning modules in the My Firm. My Future. suite
Learning objectives
- Determine why and when a client should consider a business exit strategy.
- Adapt and apply communication skills during difficult conversations.
- Evaluate and recommend the right business exit strategy for your client.
- Consider the tax, funding and planning implications of exiting the business.
Audience
This course is suitable for SME business owners and accountants advising business owner clients.