Northern Accountants launched the first NA Circle online webinar, hosted by Graeme Morrison , Anna Masheter, and Rob Wilson. Learn practical tips on exit planning, people strategy, and tax planning from Northern Accountants’ first NA Circle online webinar.
Watch the full episode below:
Start Planning Early
Every business owner will eventually exit their business — whether through a sale, succession, or alternative strategies. The key is preparing in advance. Rushed exits often result in lower value and missed opportunities.
Tip: Set a clear target, outline a plan, and stick to it. Review your progress regularly to stay on track and adjust as needed. Tools like structured strategy days or accountability frameworks can help you stay focused.
Align Your People with Your Goals
Even the best plans fail without the right team. Make sure your people strategy supports your business goals.
Tips for people planning:
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Ensure you have the right people in the right roles
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Build strong management and clear expectations
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Attract and retain top talent
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Develop a culture that drives performance
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Conduct a simple HR health check to confirm compliance
Having solid HR foundations — like fair pay, robust contracts, employee handbooks, and proper right-to-work checks — protects your business and avoids costly compliance issues.
Protect Your Wealth Through Tax Planning
Smart exit planning isn’t just about selling your business — it’s about protecting the wealth you’ve built.
Tax planning tips:
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Understand changes to Business Asset Disposal Relief (BADR) and Business Property Relief (BPR)
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Consider tax-advantaged exit routes like Employee Ownership Trusts (EOTs)
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Explore options such as Private Equity buyouts, Management Buyouts (MBOs), or family succession
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Plan for inheritance tax implications if transferring assets
The earlier you start thinking about tax, the more options you have to maximise value and minimise exposure.
Stay Accountable
A plan without execution is just a wish. Regularly review your strategy, track key metrics, and make adjustments as needed. Consider fractional CFO support or a structured accountability framework to keep momentum going.
Key Takeaways
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Start early — give your exit strategy years, not months, to work.
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Align your team — great plans need great people.
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Stay accountable — check progress regularly and adjust.
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Plan your taxes — protecting wealth is as important as growing it.
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Explore all options — from EOTs to Private Equity, choose what fits your goals.
By taking a structured approach to exit planning, people management, and tax strategy, you can grow your business, protect your wealth, and prepare for a successful exit on your own terms.
