Exit Factor, a business consulting franchise specializing in exit planning for small to mid-sized companies, has announced the opening of its newest location in Buffalo, NY. This expansion marks a significant development in the availability of specialized exit planning services for local business owners, potentially impacting the economic landscape of the region.
The new Buffalo location will be owned and operated by Shareefa Albanna, an entrepreneur and business consultant with over a decade of experience in establishing companies and providing business development services. Albanna's background in workforce development and creating economic opportunities for historically marginalized business owners positions her uniquely to serve the Buffalo business community.
Exit Factor's program offers a proven process with tailored exit plans designed to safeguard the long-term value of businesses, regardless of their size. The company's approach focuses on helping owners maximize profit, efficiency, and value from the outset, even if a sale is not immediately planned. This proactive strategy could prove crucial for Buffalo's small business ecosystem, potentially leading to stronger, more valuable local companies.
The expansion of Exit Factor to Buffalo comes at a time when exit planning is becoming increasingly important for small business owners. With many entrepreneurs looking to retire or transition out of their businesses in the coming years, the availability of specialized exit planning services could have far-reaching implications for the local economy. Successful exits can lead to the preservation of jobs, the continuation of important local businesses, and the transfer of wealth within the community.
Exit Factor's track record is noteworthy, with participants in their program earning back an average of $2,700 in exit value for every hour spent in the program. Within the first year, clients have reportedly seen a 25% increase in profit and a 56.7% increase in the value of their businesses. For those who have decided to sell, the company claims a 100% success rate. These statistics suggest that the introduction of Exit Factor's services to Buffalo could lead to significant value creation for local businesses.
The company was founded by Jessica Fialkovich, a best-selling author, speaker, and small-business advocate. Fialkovich's experience as a business broker led her to develop a program teaching strategies to build value, profitability, and salability for businesses not yet ready to sell or looking to increase their value prior to listing. This approach to exit planning goes beyond the traditional focus on the sale process itself, emphasizing long-term value creation.
Exit Factor's expansion is part of a larger trend in the business services industry, recognizing the need for specialized support for small to mid-sized businesses. As part of the United Franchise Group's family of companies, Exit Factor benefits from the backing of a larger organization, potentially providing additional resources and credibility to its operations in Buffalo.
The arrival of Exit Factor in Buffalo could have broader implications for the local business community. By providing tools and strategies for value maximization and successful exits, the company may contribute to a more dynamic and resilient small business sector. This, in turn, could lead to increased economic stability, job creation, and wealth generation within the community.
As Exit Factor establishes its presence in Buffalo, local business owners will have access to a resource that could significantly impact their long-term success and the overall health of the local economy. The company's expansion underscores the growing recognition of exit planning as a critical component of business strategy, not just for large corporations, but for small and mid-sized enterprises as well.
