What's Your Exit Strategy?
“What’s Your Exit Plan? Smart Strategies for Small Business Owners”
Hosted by: Sidney Wheelan
Presented by: The Wheelan Law Firm (Serving North Missouri from Moberly & Carrollton)
Episode Summary:
In this episode, Sidney unpacks a question every business owner needs to ask — “What’s your exit plan?” Whether you’re just getting started or decades into building your dream, planning your exit strategy now gives you options, peace of mind, and a path forward that protects your clients, your team, and your legacy.
☕ In This Episode:
- Why it’s never too early to plan your exit
- Sidney’s real-world example: acquiring and expanding through the Joyce Wendel Law Office
- 6 exit strategies you need to know — including partner buyouts, mergers, ESOPs, and winding down
- Legal and financial groundwork every owner should lay now
- Why your exit plan is about more than money — it’s about freedom and legacy
💼 Highlighted Strategies:
- Sell to a third party
- Internal sale or partner buyout
- Strategic merger or acquisition
- Family succession
- Employee Stock Ownership Plan (ESOP)
- Wind down and liquidate
📌 Takeaways:
Start with a plan. Whether you're building to sell or building to last, having a clear strategy puts you in control — not the market or the moment. Prepare legally, financially, and emotionally. Your legacy deserves that.
👥 Connect with Sidney:
Have questions about your own exit strategy or succession plan? Reach out at wheelanlaw.com
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Until next time, grab your favorite latte, hold your loved ones tight, and have a great week! ☕
WheelanLaw.com
This podcast episode contains general information for discussion purposes only. Each case is different and must be judged on its own merits. Missouri rules generally prohibit lawyers from advertising that they specialize in particular areas of the law. This article should not be construed to suggest such specialization. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create an attorney-client relationship, and the listening or viewing of this podcast does not constitute an attorney-client relationship. The choice of a lawyer is an important decision and should not be based solely upon advertisements.
