How to Find a Suitable Exit Route - An Introduction to a Feasibility Study
A Feasibility Study can help you to understand the possible outcomes of different succession planning scenarios to determine the most preferred route for you and your business.
Succession Planning is an essential exercise for owner-managers and shareholders. When you’re ready to begin the process, it can be pretty overwhelming to pick an exit route and know for sure that it’s the best option for the shareholders and, indeed, the business going forward. This is where a Feasibility Study may provide some clarity and comfort in your decision.
A Feasibility Study exercise can help establish and communicate the outcomes of identified potential exit routes whilst also considering the shareholders' preferences (if applicable).
Tailored specifically for you, the exercise outlines the pros and cons of each exit option (we can help you narrow these down if you’re considering several), the time it may take to complete, the costs associated and the impact on the business and team.
The exercise can also consider if any shareholders are hoping to exit the business fully or remain, what would happen with any remaining shares and how new shares could be distributed. This can, of course, be difficult to navigate and keep the process progressing without the assistance of an independent third party.
General steps undertaken in the process will include the following, but this will be considered and altered depending on each unique situation and if other measures need to be introduced.
If you want to learn more about our Feasibility Study service, please get in touch.
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