Book Review: Exiting Your Business, Protecting Your Wealth
January 2, 2009 by Katie Skow
Filed under Biz
Once upon a time you started your business. It took hours of thought, time, planning, preparation, research, analyzing, and finding startup money among an inordinate amount of other things. Sooner or later there will come a day when, for whatever reason, you decide to no longer be a part of your business. This is when you will need John M. Leonetti’s book Exiting Your Business, Protecting Your Wealth.
Because exiting your business can be a lot harder than starting, Leonetti’s book guides you through the entire process. Yes, the process really is more complicated and complex than you could ever imagine. Luckily, reading this book will enable you to determine the type of business owner you are, what exit strategy is best for your business, if you’re mentally/financially ready, and carry out your exit plan.
This is a good book for entrepreneurs and small business owners who are serious about educating themselves on business exit strategy. This book will show you how to:
- Grow your business with an exit in mind
- Figure out how to best transfer your business to family members
- Pay fewer taxes
- Write an exit plan
- Achieve maximum value from the sale
- Deal with market realities
- Gift
- Handle legal agreements and contracts
- Find and interview experienced advisors
- Be at peace knowing you made the right decision
Exiting Your Business, Protecting Your Wealth is filled with densely packed, yet highly useful information for both small and large businesses alike. Leonetti did an excellent job arranging all the content into easily readable chapters, subheadings, and charts to make our lives and business transition easier.
For $32.97 (on Amazon), this book is a bargain for the knowledge you will gain as you begin your exit strategy (and a lot cheaper than the mistake of hiring the wrong person for the job). Make Exiting Your Business, Protecting Your Wealth a part of your business exit strategy.
For more information, visit the Exiting Your Business, Protecting Your Wealth website.
