Redefining ‘Exit’

What does ‘exit’ really mean for you?

You’ve probably thought about what it might look like to step away someday, but exit isn’t one-size-fits-all. There’s no formula to a great outcome, but there is a framework – what I call an Elegant Exit™.

For some, exit means selling to the highest bidder. For others, it means handing the business to a trusted employee, a family member, or simply winding it down with grace. But underneath every technical exit is a deeply personal decision: Who am I without this business?

Today’s BlockbustHER BrainteasHER:

Imagine today is the one-year anniversary of achieving your own Elegant Exit™. It’s a Tuesday afternoon, sunny and cool. Put yourself there, right now. Who are you on this auspicious red-letter day?

Patty’s Perspective . . .

Building value takes time and positioning your company for your exit can take five years or more. Build value now, so you can exit when you are ready, in a way that makes sense for you.

Even if you’re not interested in selling your business – and dealing with the complexities and expense of doing so – you may still be able to sell your client list, intellectual property, and unique processes.

So what are your options?

• Sale to a third party

This can bring the highest price, but it also means finding a buyer who sees value in your business without you in it. That takes preparation—and detachment. If your business depends on you personally to generate revenue, it’s harder to sell.

• Internal succession

Passing the business to a long-trusted team member or group can protect your culture and legacy. But it also requires years of mentoring and leadership. Is your team ready—and are you?

• Merger

Maybe you’re not walking away but integrating into something bigger. This option lets you stay involved, possibly in a reduced capacity, while cashing out some of your equity.

• Gradual phase-out

Some owners choose to take on fewer clients, reduce their hours, and eventually close the business or let it sunset naturally. This can work well if you’ve already reached your financial goals and crave a soft landing.

• Reinvention

An “exit” doesn’t mean the end. Many women business owners reinvent themselves—writing, speaking, mentoring, teaching, or starting something entirely new. What excites you about your Third Act?

You’re not just leaving something behind. You’re heading toward something new. When you start there, your exit strategy becomes less about spreadsheets—and more about purpose.

Now What?

Are you stuck in your Second Act?

Have you built a profitable and valuable business but instead of feeling like there's something missing, you’re feeling like there's something more?

If you’ve built an accounting firm, a law firm, a financial services firm, a psychology practice, or a specialty consulting firm that is generating $1 million to $10 million in annual revenue, you are in a prime market.

Larger firms and companies are growing by buying other firms. This has long been the case, but we’re seeing a higher rate than ever.

In a tragic twist, I see too many women who actually lose their company instead of exiting on their own terms. The exit process is filled with pitfalls and complex issues – especially for women.

I’ve built my business as an advocate, and I specialize in helping women founders transition to their Third Act – when you’re ready to do the work you’ve always longed to do.

As your advocate, by definition, I’m looking out for your best interests. I am not taking a brokerage fee, commission, or equity. I am not motivated by how quickly the exit moves or the final dollar amounts. I want what you want – and will help you get it.

Are you ready to exit your business on your terms?

That requires a new way of thinking, new skills, a simple and elegant design, and an advocate by your side. Contact me to learn more. 

How exit-ready are you? Find out at: http://she-exits.com/