AAEP Annual Convention Las Vegas 2009
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How to Successfully Exit Your Business

Author(s):

E. Bellavance

In: AAEP Annual Convention - Las Vegas, 2009 by American Association of Equine Practitioners
Updated:
DEC 09, 2009
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1. Introduction
A PricewaterhouseCoopers study1 surveyed former business owners in the 12-mo period after the sale of their businesses. The survey showed that 75% of former business owners felt dissatisfied with the sale of their business. Why? The business owners reported they did not plan enough for the event, did not know enough about the process, felt like they sold for too little, felt like they paid too much in taxes, didn’t net enough after fees, and didn’t appreciate what retirement would actually be like after the sale.

2. Exit Planning
How can veterinarians avoid seller’s remorse? The answer is simple—with a well-defined formal written exit plan. This involves more than a business valuation and a buy/sell agreement. It is a comprehensive document and process that ensures owners maximize their business value, minimize their taxes, and attain their personal and financial objectives. [...]

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Affiliation of the authors at the time of publication

Canadian Veterinary Consulting Services, 4106 Aberarder Line, R.R. #2 Camlachie, Ontario, Canada N0N 1E0

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The AAEP represents nearly 9,300 veterinarians and veterinary students in 61 countries who cover a broad range of equine disciplines, breeds and associations. The AAEP is primary resource for education, professional development and ethical standards for its members. The AAEP and its members are recognized as the voice and authority for the health and welfare of the horse. The AAEP conducts regular strategic planning every three to four years in order to establish priorities and set direction for the association over the current planning horizon.  The AAEP is a respected source of information for influencing public policy.  

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