Book Review
Expert business coach and author of The Value Journey: How to Drive Profits, Build Wealth, and Exit Your Business on Your Own Terms, Jayne McQuillan, challenges you to change your perspective on exit planning! Instead of thinking about your exit as the last step in your journey as a business owner, she suggests you could view it as an essential way of doing business.
With a wealth of experience working with privately held and family business owners and as an entrepreneur, Jayne McQuillan, author of The Value Journey: How to Drive Profits, Build Wealth, and Exit Your Business on Your Own Terms, understands the unique pressures, risks, and challenges you face leading your company. She wrote The Value Journey as a cautionary tale, sharing real-life stories about the devastating consequences of unplanned and unprepared exits and as a "how-to" guide for business owners who want to exit successfully. It’s an important topic as 75% of business owners plan to exit in the next ten years, 80-90% of a business owner's wealth is tied up in the business, and only 2 out of 10 businesses that go to market will sell.
By implementing the strategies and principles outlined in The Value Journey, you'll build a more valuable business that generates financial gains and personal flexibility today while positioning you and your business to exit on your own terms. The Value Journey offers a roadmap that will help you:
Increase profitability
Ignite scalable growth, creating a transferable business that is attractive to potential buyers
Create a business that can run without you
Position you and your business to have options for exit
Understand how financial acumen and data-driven decisions impact value
Navigate the unique challenges of family business transitions
Prepare for your next chapter personally and financially so you can exit without regret
Provide you peace of mind that comes with knowing your family, employees, customers, and suppliers are well cared for in the event of the unexpected.
Author Quotes
Strategic value creation and planning for your exit go hand in hand. I’ve written this book to educate and equip business owners with the essential information and strategies they need to build a more valuable business and help them plan for a successful transition when the time comes.
The economic impact of unplanned and unprepared exits is devastating and cannot be understated.
When a business owner either starts or buys a business, they are focused on ensuring the business survives day to day….However, the owner is looking to build long-term value, there are several stages they need to go through to create a transferable business that can run without them. This is called The Value Journey.
About the author
Jayne McQuillan founded her business, Journey Consulting, with one goal in mind – to Change Lives by Transforming Businesses. A Certified Exit Planning Advisor (CEPA), CPA, and MBA, Jayne has 30+ years of expertise in succession and transition planning, strategic planning, organizational development, budgeting and business planning, and leadership development.
Her firm’s comprehensive approach addresses the business, personal, and financial aspects to achieve strategic outcomes for family-owned and privately held businesses. Jayne and her team work with business owners to create profit growth and value acceleration through the Value Journey™ process, doubling profits, creating a business that can run without the owner, and adding millions of dollars of business value.
Why LoA loves it…
Thinking about exiting a business is something that most entrepreneurs don’t want to think about as they navigate and manage the day-to-day challenges of building and growing that business. But if you want to leave a legacy through your business and ensure it is sustainable long after you have stepped down, it requires planning for the time when you will eventually need or want to exit. Jayne McQuillan’s book is a really practical guide to getting you from just thinking about a future exit, to making very concrete plans for that eventuality. A really useful read! — Melanie Hawken, founder & ceo, Lionesses of Africa