During a recent interview, I asked a roofing company owner whether he had an exit plan in place for leaving his company. His response was an all too common one: "Yes, my accountant handles that."
After our discussion, he discovered his exit planning adviser really is not an exit plannerjust a great accountant.
What is exit planning?
Exit planning is an emerging profession that incorporates fragmented information into one holistic plan for a business owner to successfully exit his or her business. Many advisers claim to be exit planners, but a successful exit planner combines the strategies of many advisers.