ExitSMART™ Services
Maximize Your Life’s Work
You’ve worked hard to create a successful organization. Are you building a plan to get the most out of what you’ve built?
ExitSMART™ is a is a four-phase approach that takes an owner through the process of transitioning their business from beginning to end, including considerations for ownership, leadership, and personal planning.
-
Take the ExitSMART™ Assessment
Is your succession planning on the right track? Find out with our ExitSMART™ assessment tool.
The 4 Phases of ExitSMART
Build your comprehensive strategy with these key steps.
-
Discovery
Develop a full picture of your personal financial, family and business situation, including perspectives of key stakeholders. This will ensure planning is relevant, customized and meets owners’ goals. This stage also includes review of emergency planning should there be an unexpected exit.
-
Clarify objectives and outcomes
Analyze and merge personal, business and industry factors to establish timelines and strategies for transition of ownership and leadership.
-
Document a clear, time-lined action plan
This ensures nothing is missed and there is no duplication of work between your professional team members, i.e., lawyer, accountant, etc.
-
Implement
We work alongside you to ensure the required steps are executed and to support all members of your professional team, through to the completion of your transition.
Insights
-
Progress
November 18, 2022
Your farm succession plan isn’t complete until it exists in writing
The average age of farmers in Canada is increasing. Having a written succession plan becomes more important as you age, to help secure your legacy, protect your farm operation, and reduce conflict.
-
Progress
October 14, 2022
What to know if you’re creating an employee stock option plan
An employee stock option plan is mutually beneficial to you and your employees, but it must be properly designed and implemented to help both parties achieve their goals.
-
Progress
Selling your business during economic uncertainty
While recession fears have prompted some to alter their succession plans, maintaining a proper perspective will ultimately lead you to sell your business at the right time, for the right reasons.
Contact Our ExitSMART™ Team
Glenn Fraser CPA, CA, MBA
Senior Vice President, Private Enterprise
Glenn is a member of MNP’s Private Enterprise team in Toronto. Glenn brings more than 25 years of experience to his role proactively serving privately held and owner-managed businesses in a variety of industries. In addition to assurance and tax compliance, he helps clients with business strategy, financing, tax strategy, and succession planning.
Prior to his current role, Glenn was the Vice President and National Leader of MNP’s Food and Beverage and Cannabis team. Glenn was also a member of the Firm’s Board of Directors from 2015 to 2022.
Glenn is an active community volunteer with a long history of board appointments with several charities, including Childhood Cancer Canada, where he served as board chair for more than a decade.
Glenn earned a Master of Business Administration (MBA) from York University. He is a Chartered Professional Accountant (CPA), qualifying as a Chartered Accountant (CA).
Lynne Fisher
National Team Leader, ExitSmart
Carla Milne CPA, CA
Partner and Business Advisor
Jim Chagnon CPA, CA, TEP
Partner, Private Enterprise & Professionals
Shane King CPA, CA
National Leader, Succession Services