Matt Whitaker To Kick-Off: Exit Planning Boot Camp Series at Intelligent Office
-For Immediate Release
Matt Whitaker to Kick Off Exit Planning BootCamp Series at Intelligent Office
Alexandria, Virginia - October 5, 2015 - On Tuesday this week, Intelligent Office of Alexandria will host the first session in an eight-part Exit Planning Boot Camp, targeted at business owners who are thinking about planning for their future.The series is being organized and sponsored by Quantive Valuations, an Intelligent Office client that provides valuation services for businesses of all types.
Matt Whitaker, the owner of Intelligent Office of Alexandria, will deliver the first session of the series, titled “An Overview of Exit Planning.”In addition to operating Intelligent Office, Matt is also a Mergers and Acquisitions advisor with Clear Rock M&A Advisory services, where he works with the owners of lower middle market companies who are seeking to sell their businesses or buy other companies.
“This first session is really the survey course,” said Matt.“We’re going to discuss why it’s important for all business owners to have an exit plan, and we’re going to review the different parts of the plan and define the set of advisors that can help an owner create and execute a successful exit.”
“Most small business owners have up to 80% of their wealth tied up in their business,” said Dan Doran, owner of Quantive Valuations.“But many of the owners we work with are so tied up in the day to day activities of running the business that they fail to plan ahead.In a best case, they leave a lot of money on the table in the sale of the business or in a lack of tax planning and estate management.In a worst case, they are never able to retire.”
A thorough Exit Plan starts with the personal goals of the business owner including a personal financial plan, and an assessment of the current value of the business.Once those are established, the owner can take concrete steps to grow the business and exit on his or her own terms.
“Many businesses get sold when a buyer happens to come along and knock on the door,” said Matt.“An owner with an exit plan that is well thought out will be in a better position to respond when he or she gets those calls.”
Of course, Intelligent Office has hosted many events over the years.If you have attended one, you’re used to seeing Matt welcome the guests and introduce the speaker.“I’m ready to step into the spotlight on this one,” said Matt.“Usually I can sit on the sidelines and toss out a few smart comments.But this issue is so important.I’ve worked with a number of business owners who wanted to sell their companies but had not taken the right steps to prepare the company to get the highest value.If we can help even a few of our audience members to take the first few steps, then it will be a great day.”