What is an Exit Strategy?
First of all, lets become clear on exactly what an exit strategy is.
Exit Strategy Planning involves the development of a detailed plan identifying what you need to do to prepare for the day that you want to leave your business. It identifies the actions required and describes the form that the transition will take. It lays out plans to ensure you get the maximum value for your business when you decide to exit.
Research tell us that most small business owners are so focused on growth and success that unfortunately they don’t have a formalised Exit Strategy in place. Implementing a good Exit Strategy will likely mean better profits and a greater return on investment. It also means you’re considering succession planning, preparing to move on and letting someone else take charge
There are many reasons why you might want to Exit your business including: Health, fatigue, retirement, succession or you’re simply too tired to go on much longer.
We work with you in preparing an Exit Strategy for each scenario and present a creative solution that works for you. Contact the Exit Strategist today.