5 Critical Factors That Affect Business Exit Strategy Timelines

A finely honed business plan should include a detailed exit strategy. This, often overlooked element clearly outlines the owner’s plan to get paid for their sweat equity at a designated point in time.

Sourced through Scoop.it from: www.inc.com

Brief article is to-the-point. Honing your exit strategy will begin with a courtesy consultation at EGS. Contact us to get the ball rolling.

Why Business Owners Need a Succession or Exit Plan | Investopedia

If you want to get the most from your business, as Dr. Stephen Covey said, start with the end in mind. Picture what a success plan and exit strategy would look like and then work backwards.

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Good material here. Are you ready to build a plan? Begin with a courtesy EGS consultation.

Biz Tips: Planning a Successful Exit from Your Business

To accompany his book, Seven Keys to Unlocking the Door to Your Dreams: Exit Strategies for Business Owners, Bob Gellman details how business owners can grow and protect the value of their business, transition that value into personal wealth and then grow and protect that wealth for this and future generations. Click here to see the book online.

Sourced through Scoop.it from: www.cbiz.com

Good stuff here! Short video is also part of the EGS playbook. Contact us now to get your successful exit underway, beginning with a courtesy consultation.

A One Year Exit Strategy Plan – Quiet Light Brokerage

Planning matters. Even if you have no intention of selling your website, positioning it correctly in the event that you one day need to sell can result in a significant difference in your overall value.

Sourced through Scoop.it from: www.quietlightbrokerage.com

Although this article is about preparing a WEBSITE for sale, many of the enumerated tasks apply to all businesses. It’s complicated, too. EGS is your ally to de-complicate.

Why you should create an exit strategy before you need it

Don’t wait until you want out – plan ahead and you’re more likely to get what your business is worth. This short article explains why you need an exit strategy.

Sourced through Scoop.it from: geca.co.nz

From colleagues in New Zealand comes this well-thought-out advice to plan your business exit. Good stuff here and at EGS. Our initial consultation is fee-free. And the phone call is free.

7 Lethal Threats To Your Business That Come From Inside

You’ve paid dearly to start and grow your business; the steep tuition of success that only an entrepreneur will ever understand. So, you would never do anything to sabotage your businesses, right? Well, not intentionally. But in my own personal experience and in working with hundreds of startups it’s clear to me that there are at least seven critical areas where entrepreneurs make mistakes that may cost them their business or severely limit its value and chances for growth.

Sourced through Scoop.it from: www.inc.com

We like how this thinker weaves an exit strategy into the mix of internal threats. This is a good article, worth reading repeatedly as you strive to build business value. Need help? EGS is ready.

Your small business exit strategy | Xero

You’re running a business that you love. You’re passionate. You’re the boss. You’re making a difference. But have you considered what your endgame is?

Sourced through Scoop.it from: www.xero.com

Brief but good checklist article. No worries on remembering these bullets. That’s our job at EGS, beginning with a courtesy consultation.

The One Principle That Will Keep Your Best Employees From Quitting

Watch company morale soar with this approach to employee engagement. Losing employees can be a pretty expensive habit. If your company is in a turnover phase, you’re not alone. According to data from Harvard Business Review and the CEB:

 

Sourced through Scoop.it from: www.inc.com

High business valuation as part of any exit strategy relies on low turnover among top employees. Here’s a short article that offers clear guidance on retention.