Business exit planning is a complex process with a lot of different steps, from identifying your goals to training your successors. Your best option is to plan and implement your strategy with the help of professional advisers - otherwise, you may miss out on a critical step in the process.
At Lester Brunt, we work with Elephants Child to provide guidance on your business exist strategy. They act in conjunction with an extensive network of external growth advisers and Small and Medium Enterprise (SME) specialists.
Whatever the size or sector of your SME, Elephant Childs’ business advisory processes helps you reach that ambition and clarity, so you can feel happy and confident with a plan of action that will help you achieve your next steps.
Elephants Child combine experience with tried and trusted practices to create a tangible impact and support you in achieving your goals.
The services provided by these specialists are separate and distinct to the services carried out by St. James's Place and include advice on how to grow your business and prepare your business for sale.
Here are some of the other key reasons to develop an exit plan:
In an age where the online world is at our fingertips, why shouldn’t your wealth management be there as well? Our Online Services allow you to access all your wealth investments in one smart place. Whether you’re already registered, or just about to, here are some great features that can help you get the most from your online account.
Registering for Online Services with an activation code allows instant access. If you haven’t got a code, please contact your adviser. Registering online ensures all information is password protected.
Set your communication preferences to receive your digital reports and electronic correspondence.
Make online debit card payment for ISA and any JISA top ups with a debit card
linked to your account, on demand and at a time that suits you. Make payments to Unit Trusts, Retirement Accounts and new ISAs. (Speak to your adviser in order to get this process started) View the value of your investments in a range of currencies and see a breakdown of
this valuation. Instant notifications when a new document is available to view.
For every client opting for paperless correspondence, St. James’s Place will donate £5,to the St. James’s Place Charitable Foundation.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The favourable tax treatment of ISAs may not be maintained in the future and is subject to changes in legislation.
Less well-known is that children can also have a pension fund as soon as they are born – and setting one up can bring significant tax advantages. Even if your child is a non-taxpayer, they will still get basic-rate tax relief on contributions. That means a maximum of £2,880 a year is automatically grossed up to take account of tax at 25%, giving an annual investment of £3,600
All business owners should have an exit plan thought out – the earlier you develop one, the better. Life is unpredictable, and you never know if circumstances will force you to leave your role sooner than planned. Not having an exit plan will make transitioning out of your company much harder than it needs to be.
There are a lot of steps and things to consider when developing an exit strategy. Although the specific process will depend on your circumstances, here’s a basic framework of the steps that we’ll follow to create your personal plan. We’ll work through the entire process with you, with help from other professional advisers.*
Throughout the process, we’ll work with you to continuously monitor how well the plan is working. We’ll help adapt your plan as circumstances change, such as market conditions, buyer feedback, or any unforeseen events.
* The services provided by these specialists are separate and distinct to the services carried out by St. James’s Place and include advice on how to grow your business and prepare your business for sale.
Thanks to our years of expertise, we know how to help create successful exit plans for businesses in any industry. We pride ourselves on our expert advice and personalised approach, no matter which sector you operate in.
We’re equipped to provide you with the support you need to navigate the selling process. We’ll work with you to develop a logical, yet flexible plan that best aligns with your specific goals, so you can have peace of mind that you’re fully prepared when the time comes to leave.
For more details about services that we offer reach out to us on 01202 695801, or click the button below.