Poised For Exit: A Woman Entrepreneur's Guide to Business Transition
By Julie Keyes
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About this ebook
Your business exit will likely be the biggest financial transaction of your life, and for the majority, you have one shot at doing it right. The tools and checklists in this book are meant to help you lay some of the groundwork. It will also give you a guide for what comes after an exit.
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Poised For Exit - Julie Keyes
Copyright © 2020 by Julie Keyes
All rights reserved.
Printed in the United States of America.
No part of this publication may be reproduced or distributed in any form or by any means without the prior permission of the publisher. Requests for permission should be directed to permissions@indiebooksintl.com, or mailed to Permissions, Indie Books International, 2424 Vista Way, Suite 316, Oceanside, CA 92054.
The views and opinions in this book are those of the author at the time of writing this book, and do not reflect the opinions of Indie Books International or its editors.
Neither the publisher nor the author is engaged in rendering legal, tax, or other professional services through this book. The information is for business education purposes only. If expert assistance is required, the services of appropriate professionals should be sought. The publisher and the author shall have neither liability nor responsibility to any person or entity with respect to any loss or damage caused directly or indirectly by the information in this publication.
ISBN: 978-1-952233-13-5
eISBN: 978-1-9522331-4-2
Library of Congress Control Number: 2020907740
Designed by Joni McPherson, mcphersongraphics.com
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Praise for Poised For Exit
I have one word for this book—empowering. An entrepreneur, especially who is a woman, often wears all the hats…except the hat that ensures she takes care of herself, her financial security and her legacy. Julie provides not only the inspiration and the promise of exiting gracefully and strongly, but she also provides the roadmap to make it happen. Don’t pass up the opportunity to take control over your future—read the book and follow her advice. You only have one shot at this.
ERIN TURNER, ATTORNEY/CO-FOUNDER, JOHNSON TURNER LEGAL
"Julie’s lived it. She’s spent most of her career as a business owner and knows what keeps them up at night. It was a blessing to our community that she exited her business to start KeyeStrategies, launch the Twin Cities Exit Planning Institute Chapter and impart her wisdom locally and across the country. She’s a go-to on successful exits and Poised for Exit, is just another gift she’s given us."
JON KEIMIG, DIRECTOR, UNIVERSITY OF ST. THOMAS FAMILY BUSINESS CENTER
Men and women approach running their businesses differently and they also think about exiting differently. Having sold three of my own businesses, everything Julie shares is so true. Every female business entrepreneur should take the time to read this quick and engaging book that highlights the importance of planning for an exit. Afterall, we plan everything else, so let’s plan this most important event!
LINDA ROSE, FOUNDER AND PRESIDENT OF ROSE BIZ. AUTHOR OF GET ACQUIRED FOR MILLIONS
In your hands you hold a blueprint for creating value in your business. Julie shares what you need to know and what you need to do to define success on your terms and to see success in your succession. You have worked too hard to get where you are and deserve the financial and intangible rewards of your work effort.
MARK LEBLANC, CSP, AUTHOR OF NEVER BE THE SAME AND GROWING YOUR BUSINESS!
Julie’s book is filled with real-life stories and actionable tips. And even a few bonus cartoons. Keep in mind she can help you prepare as in her words, ‘Your business exit will likely be the biggest financial transaction of your life, and for the majority, you have one shot at doing it right.’
CATHY PAPER, M.A., PRESIDENT ROCK PAPER STAR
The following book is a beautiful representation of how Julie approaches her work with clients. She first helps the owner define their objectives and goals, then assembles the team members to help the owner achieve those stated goals and objectives. Like Julie herself, this book is inspirational, authentic, and a guide to assist the female entrepreneur in achieving her goal of harvesting the wealth from her business.
AMY WIRTZ, CEPA, J.D., FAMILY AND BUSINESS SUCCESS, LLC
"The stories shared in the book each had segments that could have been about my company, including treating employees like family, lower accountability for some members, and relatable obstacles. The positive perspective they were presented with was so encouraging, inspired me, and I’m now digging deeper for the grit I once had and to prepare for ‘owner-readiness’ in a more significant way.
I can honestly say, reading this book, at this time in my life, has changed my viewpoint on my exit strategy and I feel even more confident with who I am selecting to walk through the journey with, shoulder to shoulder. Together we are stronger, thank you, Julie for writing this book, and for making a positive impact on my future."
MARNIE OCHS-RALEIGH, CEO, EVOLVE SYSTEMS, PAST PRESIDENT, NAWBO MN
Julie Keyes knows what she’s talking about when it comes to strategic, long-term thinking about business, business succession planning, what it means to plan for and exit a business, and the implications on life after exiting a business. I’ve had the pleasure of knowing Julie and working with her at a mutual client for the past several years. The creative thinking and valuable insights she has brought to this family owned company have helped them navigate through several important challenges and emerge stronger as a company. When Julie told me about this book, I thought, who better to write a book about business transition for women business owners? After reading the book my reaction is the stories, lessons, and advice she shares from her strong experience base are powerful and inspiring, both from what and how to do things as well as what not to do. Julie’s stellar reputation in the local business community as well as her leadership in the field of business transition planning and execution make her uniquely qualified to write this book and we are all the beneficiaries. Great work and thank you Julie.
KEN SADDLER, MBA, PARTNER, CERTIFIED BUSINESS TRANSITION EXPERT™, B2B CFO®
"In Poised for Exit, Julie Keyes uses her personal and professional experience to reach out to the ever-growing numbers of entrepreneurial women who, alone or with their spouses and family, have built successful enterprises and are now looking at ‘what’s next?’ That experience allows Julie to tap into unique perspectives of female entrepreneurs. Poised for Exit uses real life situations and checklists to guide readers toward the type of personal, financial and business preparedness that will be critical to their successful transitions. Julie writes with the passion and sincerity that characterizes her devoted service to clients."
J. CHRISTOPHER CUNEO, ATTORNEY, BALLARD SPAHR, LLP
"Julie Keyes’ book Poised for Exit provides great advice for women in all stages of their business owner journey, whether they are looking to exit soon or thinking about how to plan for an exit in the future. Replete with stories and examples, Julie’s