Wayne Vanwyck

The Business Transition Coach (eBook, ePUB)

Your guide to succession planning, exit strategies, and preparing for the big handoff

• Format: ePub

Produktbeschreibung

Millions of business owners intend to move on from their businesses in the next several years yet only a small percentage of them have a written succession plan. Those who don't plan their business transition ahead of time may have to kiss all their creativity, passion, and hard work goodbye as they face a market soon to be glutted with businesses for sale. The Business Transition Coach: Your guide to succession planning, exit strategies, and preparing for the big handoff is your guide to transitioning out of any business. Author Wayne Vanwyck shows you through experience and case studies how planning this transition can increase the value of your business, increase its profitability, and keep your options open. His practical advice explains how you can: . Sort out your personal and professional transition options. . Prepare your business, your employees, and yourself for transition. . Create a business plan that makes sense now and multiplies the valuation later. . Leave a legacy that you can be proud of. Let this book be your helpful companion on the road to transitioning out of your business and into the next phase of your life.

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Produktdetails

• Verlag: Self-Counsel Press
• Seitenzahl: 176
• Erscheinungstermin: 15. September 2020
• Englisch
• ISBN-13: 9781770405127
• Artikelnr.: 60440469

Autorenporträt

In 1999 I was diagnosed with a degenerative muscle disease (Spinal Muscular Atrophy -adult onset) which forced me to rethink how hard I could continue to work and what my future looked like. This got me thinking about my own succession plan and preparing my businesses for sale. At the same time I attended a seminar that gave some pretty scary projections regarding the demographics of business owners. And I had a friend who's brother destroyed his life because he didn't plan for the transition of his business. This story is in the beginning of the book. When I looked around to see what services/books/courses were available to help someone like him, I couldn't find anything. As a writer with decades of experience in coaching/training business owners I felt that I could make a contribution that would help the millions of other business owners who go through this difficult stage of life. I went on a sabbatical for six months with my wife and we did a road trip around north America in a small RV. Along the way, I met with and interviewed about 35 business owners who had sold their business to learn whatever lessons they gleaned from that experience. Their experiences are shared in the book. The reality is that the content, if followed, would benefit any business that needs to get its act together, run better, and free up the owner to do whatever he/she wants. The focus on the 'crisis' was to create a sense of urgency. Part of my rationale for the book is to help owners avoid Franklin's plight. (See the preface of the book.) Another was that in every business owner peer group I participated in, the majority of the peers had gray hair, and we talked about everything BUT exiting business. I truly believe it is a tsunami in the making when all the old guys either die, become disabled or just get tired. I recognize that some of the stats and data need to be updated but the problem of getting owners to prepare for their transition is still out there. I spoke recently at an association meeting for business owners in the HVAC industry and it is surprising that it is still a timely subject. I've been told it is an important book and well written.