Soundpoint Consulting Newsletter
News and Views 

January, 2015:  Volume 25
Welcome to the Soundpoint Consulting Newsletter where we share our perspective on topics and highlight case studies that we believe are relevant to business owners and leaders.

Thinking that you might want to sell your business? But you don't know if you or your business are ready. Here are some thoughts that can get you started.
Exit Ahead:
Are You Ready?

A couple of potential clients have called lately wanting to sell their business. Their timing is anywhere from tomorrow to the next couple of years. Inevitably the question comes up: "What have you done to get ready?" I can almost see the "deer in the headlights" look over the phone. 

This is what I am talking about.

As a business owner, your business, family finances and personal life are intertwined. It stands to reason that a successful business transition should incorporate all three. 

For Starters 

1. Are your goals in each area - business, financial and personal, defined?  And, are they consistent with one another? 


For example, if you want to pass the business onto your children, but they cannot afford to pay you enough to meet your financial needs, then your financial and personal goals are not aligned.


2. Have you educated yourself on the process and identified professionals that can assist you?


Consider talking about your exit strategy with a financial planner, CPA, exit advisor and/or attorney. This is probably one of the biggest decisions you will make; best to have your ducks in a row and be supported by professionals you trust.


3. Do you have a contingency plan in case something were to prevent you from operating the business or force you to transition?


Sadly, many businesses are forced to liquidate upon the death of an owner. This can be avoided with adequate [exit] planning, thus preserving both the business and personal finances.


The Business 

1. Have you had a valuation of the business completed in the last year? 


It is unwise to sell any large asset without having a good idea of the market value. Unfortunately many business owners think their business is worth more than it is. Best to have realistic expectations before beginning any transition process.


2. Have you identified and prioritized value enhancement opportunities? Are plans in place?


This is particularly important if the business value won't satisfy your financial needs. There are lots of ways to increase the value of a business - from customer diversification and margin improvement to better recordkeeping, and everything in-between.


3. Is there sufficient management so you could walk away from the business without a hiccup?


Most buyers want strong management in place to run the company after the owner has left. Strong management means that you can take a six-week vacation and unplug all your devices. Can you?

Your Financials 

1. Do you have a financial plan? What are your financial needs in retirement?


Working backwards, will your financial needs be met from selling the business? If not, then adjustments will need to be made.


2. Is your business and estate structured to minimize taxes?


Obviously, the less taxes you pay, the more you net. Is your estate plan up-to-date, tax efficient and supportive of your business transition goals?


And, Personal Life

1. Have you envisioned a post-retirement life?


Many business owners find it difficult to transition from their business for a variety of reasons.  What is your plan?  


2. What terms are you willing to make to a potential buyer? 


Having an "earn-out" or staying involved during a transitional period may impact retirement plans that require significant capital or time away. Have you thought about what concessions you are willing to make?


If you are thinking of  transitioning your business and would like a "readiness assessment", please give me a call. I would be happy to help.


Until next month, Point Your Business Where it Needs to Go! 


Best Wishes,


2014, Soundpoint Consulting, LLC

Sound Consulting. Solid Results





Exit Planning and Business Valuations

Kelly Deis, Soundpoint Consulting


The Entrepreneurial Equation

Jessie Nino, Edward Jones


Estate Planning and Business Succession Planning 

Tony Hinson, Hinson Law Firm


Preparing for Retirement: What am I Going to do all Day?

Johanna Branley, Skipping Stones Life Coaching



January 31, 2015

9:00 - 11:30

Office ExPats, Bainbridge Island

Cost: Free


 Call 360.779.6450

by January 27 to reserve a seat


Edward Jones, its employees and financial advisors are not estate planners ad cannot provide tax or legal advise. Please consult you estate-planning attorney or qualified tax advisor regarding your situation. 


Soundpoint News

Kelly Deis completed the certification process to earn the designation of Certified Exit Planning Analyst (CEPA) from the Exit Planning Institute.


Check out our website:


Soundpoint Speaks
Recent Blog Posts


November, 2014



October, 2014

    and more..... 


News and Views

Recent Newsletters

December, 2014

To Sell or Not to Sell. When is the Question.


November, 2014

Messy Financial Statements Don't Sell


October, 2014

5 Reasons for an Exit Plan


September, 2014

9 Ways to Fund Your Business, Which One is Right for You?


August, 2014

The Price is Right


July, 2014

Exit Right: Five Ways to Leave Your Business


and more ... 






About Soundpoint
Soundpoint Consulting is a business valuation and consulting firm specializing in strategy and operations consulting, exit planning and business valuations.
We serve small and mid-market, high growth, and transitioning companies in Seattle and the Puget Sound region.


Our clients span a range of industries, but share a common goal: to enhance the value of their business.


Kelly Deis, Turning Point Financial

Kelly Deis


MBA, the Wharton School

CVA, Certified Valuation Analyst

CEPA, Certified Exit Planning Analyst

Business Consulting: Helping companies grow profitably and increase value through executable strategies, operational improvements, and sound financial management.

Exit Planning: Assisting business owners thoughtfully and intentionally transition their business on their terms.


Business Valuations:  Providing business valuations and related services for bank financing, estate planning, tax-related issues, marital dissolutions and potential transactions.
Contact Us

If you would like our viewpoint on a topic, please shoot us an email. If you like what we have to say, please share it with a friend.

Soundpoint Consulting, LLC

Kelly Deis, President

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