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Maximise Your Business Value with Early Exit Planning – Kevin Harrington

Podcasts

Maximise Your Business Value with Early Exit Planning – Kevin Harrington

By , June 9, 2023
Kevin Harrington

 

 

Think you know everything about exit planning? Think again. Brace yourself for an unexpected twist in this story that will leave you rethinking your approach to preparing your company for the future. Are you ready for the surprising truth about early exit planning? Stay tuned.

Working on intangible assets takes time, but it can greatly increase the overall valuation of your business.

Meet Kevin Harrington, Succession Plus Partner, a seasoned business strategist who specialises in guiding entrepreneurs through the exit planning process. Having worked with a diverse range of business owners, Kevin understands the importance of starting the exit planning journey long before it’s time to leave. His expertise in strategic decision-making and navigating the different exit options available ensures that business owners are well-prepared for a smooth transition. Known for his friendly and personable approach, Kevin frequently shares his valuable insights on podcasts and speaking engagements, offering valuable advice on the significance of early exit planning.

This is Kevin Harrington’s story:

Kevin Harrington was no stranger to the challenges faced by business owners, having dedicated his career to helping them navigate the complexities of growth and exit planning. However, he realised early on that many entrepreneurs were overlooking the importance of preparing their companies for exit, even if they had no immediate plans to sell or transition. It was this observation that led Kevin to team up with his business partner, Darryl Bates-Brownsword, on their podcast, Exit Insights, to educate and inspire their listeners to take action, regardless of their current exit intentions.

In this episode, you will be able to:

  • Recognise the value of proactive exit planning in achieving long-term business goals.
  • Learn about the multifaceted aspects that can define a business’s worth, beyond monetary metrics.
  • Examine the essential emotional preparedness required for successful exit planning.
  • Acknowledge the risks associated with insufficient exit planning, particularly in business valuation and decision-making.
  • Master proven approaches to enhance your enterprise’s attractiveness and secure a beneficial agreement with potential buyers.

The resources mentioned in this episode are:

  • Get an independent valuation of your business to know its true worth.
  • Start planning early to have more choices when it comes to exiting your business.
  • Consider various exit options, such as family sale, self-management team, or employee ownership.
  • Grow your business before selling it to increase its value.
  • Identify your goals for the future of the business and plan accordingly.
  • Put processes in place to make the business more efficient and profitable, whether or not you plan to exit.

Watch the episode here:

To get an overview of the Succession Plus exit planning process, download our 21-Step document here.

 

Darryl Bates-Brownsword

Darryl Bates-Brownsword

CEO | Succession Plus UK

Darryl is a dynamic, driven Business Mentor and Coach with over 20 years of experience and passion for creating successful outcomes for founder-led businesses. He is a great connector, team builder, problem solver, and inspirer – showing the way through complexity to simplicity.

He has built 2 international multi-million turnover businesses; one now operating in 16 countries. His quick and analytical approach cuts through to the core issues quickly and identifying the context. He challenges the status quo and gets consistent, repeatable and reliable business results.

Originating in Australia, Darryl’s first career was as an Engineer in the Power Industry. Building businesses bought him to the UK in 2003 where he quickly developed a reputation for combining systems thinking with great creativity to get results in challenging situations.

A keen competitive cyclist, he also has a B Eng (Mech) Engineering and an MBA.