The transcript of "Cashing Out" or "Exit to Equity" with Joseph Johnson, Ray DiSanto, Ebby Halliday, Matt and Russ Seeley, Jim Schell, Peter Schenck, Lorraine Miller, Tracy Myers, Bob Orenstein, Larry Starks, Ray Smilor, Freddie Thode, Rick Valencia, Ned Lester, David Porter and Steve Watkins as seen on Small Business School, the series on PBS member stations.

The transcript for this episode

last update: January 2007

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Cashing Out

Think Now About Later

HATTIE: Hi I'm Hattie Bryant. We all ask the question, "What will my legacy be?" What has been the meaning and value of my life?" There are over 25 million small business owners in the USA and all of our companies together represent over $47 trillion of dollars of net worth. For most of us that business is a very important part of our legacy. Most of us ask, "Could the business live on without me?" And we all ask at some time, "How can I get my money out of my business?"

Today we are going to look at exit strategies and equity models.

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Transcript Segments



	1.		Think Now About Later

	2.		Walk Away

	3.		Give It Away

	4.		Sell To Someone Close To You

	5.		Sell To Someone Like You

	6.		Sell To The Highest Bidder

	7.		Sell To Your Employees

	8.		Sell Through A Direct Public Offering

	9.		Sell Into The Private Equity Capital Market

We'll look at eight ways to get your money out of your business at the same time you leave the essential values in it. That's called an exit strategy, and we know most of you do not have one. And we also know that we all need one.

The moment any of us start a business, we should begin asking, "How am I going to get out of this business?" Succession planning is a key to your overall success. So let's look a range of possibilities and how each might benefit you and your employees the most.

We believe there are eight possible roads to travel. Most of you will take the first road. Although we hope you’ll choose one of the last three. So we'll be moving quickly down the first five roads, and you need to know that all of this information is on our web site. If you go there now, you could follow along.

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