As an exit phase entrepreneur, you’ll want to achieve a successful and rewarding transition out of your business. Read more about topics and questions to consider below, get in touch with your closest regional center, check out resources for exit phase entrepreneurs and find upcoming educational events on our calendar.
Knowing your business’s true market value is crucial for effective pricing and negotiation. NYSBDC advisors help you understand how assets, liabilities, cash flow, growth potential, and industry benchmarks impact your valuation. They also assist in preparing financial records, structuring the sale, and optimizing for minimal tax liability and maximum returns.
Questions to Consider:
There are multiple ways to exit a business, including selling to a third party, private equity, management buyouts, or passing the business to family members. Because exiting your business can take months to years, NYSBDC advisors can work with you to develop a strategy on when and how to exit, considering both your personal goals and market conditions.
Questions to Consider:
Exiting a business requires lots of legal documentation, including sale agreements, non-compete clauses, and confidentiality agreements. An NYSBDC advisor can help you understand these requirements and work with you and your legal counsel as you complete documentation, ensure that your business complies with relevant laws, and resolve any outstanding legal or regulatory issues before sale.
Questions to Consider:
As you approach an exit from your business, you might need guidance on optimizing operations, increasing efficiency, or reducing costs to enhance your business’s attractiveness to potential buyers. You might also consider how to increase your loyal customer base and the reputation of your brand for greater buyer appeal. NYSBDC advisors can help you maximize the effect of your business glow-up efforts prior to a sale.
Questions to Consider:
Finding the right buyers can be challenging. Negotiating terms that maximize your financial and personal interests, such as pricing, payment terms, and future involvement in the business, can also be tricky. An NYSBDC advisor can help you stay in alignment with your goals as you search for the right people and terms for the sale of your business.
Questions to Consider:
You’ll want to plan for a smooth handover that ensures the business’s continued success, especially if staff, clients, or suppliers currently rely heavily on you. You’ll also need to be mindful of the impact the sale will have on your employees. NYSBDC advisors can provide guidance on creating a transition that will retain talent and maintain morale.
Questions to Consider:
Whether you’re moving on to a new business venture or retiring, you will benefit from planning how to manage the wealth from your business sale so that you preserve and grow your financial gains. An NYSBDC advisor can work with you and your financial professional, especially when you wish to pursue a new business venture.
Questions to Consider:
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0 events, | 5 events, What You Don’t Know Can Cost You: Merchant Services 101 for Small Businesses Small Business Human Resources UPMC Essential for Success Training – Multi-State Supplier Readiness Webinar Welcome to the SBDC Info Session Welcome to the SBDC Info Session | 3 events, Marketing Strategies with NeuroMarketing AI Starter Kit – Practical Tools for Small Businesses (2-Part Session) Resilience Strategies for Entrepreneurs & Sustainable Success webinar | 8 events, Grow & Fund – Weekly Business Booster (2-Part Series) Christine Curzio, owner, Simply Payments Buying an Existing Business Monthly Business Solutions Roundtable Monthly Business Solutions Roundtable Monthly Business Solutions Roundtable Christine Curzio, owner, Simply Payments Grow & Fund – Weekly Business Booster (2 Sessions) | 0 events, | 0 events, | 0 events, |
1 event, Welcome to the SBDC Info Session | 4 events, Fast Track to Small Business Workshop (In-Person & Online) NELP Business Entity Formation Government Contracting 101 Building Better Credit for Bigger Opportunities | Part 1 | 5 events, Grants for R & D : SBIR and STTR Business Valuation A Simple Recipe for Social Media Success Customer Segments & Why They Matter More Than You Think | 8 events, NELP Remote Small Business Legal Clinic Sales Tax Best Practices Storytelling, a Complete Marketing Tool Sales Tax Best Practices Business Start-up Basics & Planning- Small Business Seminars Is Entreprenuership for You? Is Entreprenuership for You? | |||
1 event, Fast Track to Small Business Workshop (In-Person & Online) | 5 events, IN PERSON: Website Workday at the New York Public Library Success Through Certification How to Start a Business Workshop Welcome to the SBDC Info Session | 8 events, Google Suite for Business Workshop AI Starter Kit – Practical Tools for Small Businesses (2-Part Session) Introduction to Artificial Intelligence in Marketing Turn Clicks into Clients: Optimizing Your Website for Success Business Formation Small Business Digital Game Plan: Your Online Growth Playbook Brand Identity from the Inside Out Access To Capital | Capital to Grow, Confidence to Thrive | 4 events, Preparation for Holidays Sales Introduction to HR & Payroll Financing Your Small Business – Small Business Seminar Grow & Fund – Weekly Business Booster (2-Part Sessions) | 0 events, | 0 events, | 0 events, |
3 events, IN-PERSON: Website Workday at the Brooklyn Public Library “Hustle for Freedom” Business Bootcamp Welcome to the SBDC Info Session | 9 events, Building a Small Business Website Fund Your Business With Community Convenience Sells Content Creation Without the Overwhelm: Smart Strategies for Busy Entrepreneurs Marketing to the Government Content Creation Without the Overwhelm: Smart Strategies for Busy Entrepreneurs Convenience Sells From Local to Global: Unlocking International Opportunities | 6 events, CPA Accounting Clinic Google Analytics: Learn what visitors are doing on your website and what is working and what is not EmpowerHER Expo 2025 Brand Positioning: Why Should Anyone Choose You? EmpowerHER Expo Invite 2025 | 3 events, AI Made Simple: Unlocking Growth for Small Businesses Artificial Intelligence Basics – Small Business Seminar | 2 events, | ||
1 event, “Hustle for Freedom” Business Bootcamp | 6 events, Crafting the Perfect 2-Minute Pitch Crafting the Perfect 3-Minute Pitch How to Respond to an RFP Non-Disclosure Agreements: When Should You Require an NDA, When Should You Sign an NDA Non-Disclosure Agreements: When Should You Require an NDA, When Should You Sign an NDA | 5 events, Business Entity Formation (with NELP) Business Entity Formation Workshop with NELP Business Legal Entity with NELP AI Starter Kit – Practical Tools for Small Businesses (2-Part Session) | 5 events, Bookkeeping Basics for Small Business Owners Bookkeeping Basics for Small Business Owners Cybersecurity Essentials for Small Business – Small Business Seminar Grow & Fund – Weekly Business Booster (2-Part Series) |
Our statewide network of 20 regional development centers and over 70 satellite locations is ready to help you take the next step. Find your center & start your SBDC journey.