Stepping into exit planning can feel overwhelming—but it doesn’t have to be. Whether you’re a few months or a few years away from a transition, there are simple, strategic steps you can take right now to set yourself (and your business) up for success.
Here are 10 quick tips to help you begin that journey with clarity and confidence.
1. Start Sooner Than You Think You Need To
A great exit doesn’t happen by accident. The earlier you start preparing, the more options you’ll have—and the more value you can create.
2. Know What You Want (Beyond the Dollar Amount)
Take time to reflect on what matters most. Is it maximizing value? Protecting your employees? Continuing your mission? Your goals will shape your strategy.
3. Get a Valuation—Even If You’re Not Selling Yet
A professional valuation provides insight into what your business is worth and why. It’s also a powerful tool for identifying areas to grow and improve before going to market.
4. Think Like a Buyer
Buyers want a company that runs smoothly, doesn’t depend on the owner, and has clear financials. Ask yourself: Would I buy my business?
5. Tidy Up Your Financials
Clean, accurate financial statements are essential. Make sure your books are organized, up to date, and reflect the true performance of your business.
6. Document Your Systems and Processes
Well-documented operations increase your company’s value. They also make it easier for a new owner to step in with confidence.
7. Build a Leadership Team That Can Thrive Without You
If your business revolves around you, it’s harder to sell. Start empowering others to lead now—and watch your company become more resilient and attractive.
8. Be Honest About Your Timeline
Are you ready to exit soon, or just exploring? Either way, be clear about your timeline. It helps everyone around you (including potential partners or buyers) plan accordingly.
9. Talk With Someone Who’s Been There
Whether it’s an advisor, mentor, or fellow entrepreneur, conversations with people who’ve walked through a transition can offer invaluable perspective and encouragement.
10. Don’t Go It Alone
The right advisor can walk with you, advocate for your goals, and help you make decisions you won’t regret. Look for someone who shares your values and puts your needs first.
You Deserve to Exit With Intention and Integrity
At The NEO Team, we believe every business owner deserves to transition on their terms—with wisdom, purpose, and peace. Whether you’re ready to sell or just starting to think about it, we’re here to help you explore your options and build a plan that reflects what matters most to you.
📥 Download our Legacy Exit Planning Guide
📅 Schedule a no-pressure call with our team at theneoteam.com
