Four Tips for Developing Your Business’s Exit Strategy

1. Always plan well ahead

…you must plan your exit strategy from the outset. This helps shape the way your business unfolds. There will be a day when you plan to stop running the business. It’s better to leave the business voluntarily, rather than an exit being forced upon you, and preparation is important.

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

EGS applauds step 1. And commends the three other steps to your reading enjoyment.

5 Reasons to Work With a Small Business Coach to Form Your Exit Strategy

Ideally, you should have at least a one-year head start on forming an exit strategy. That’s how long it takes to create a comprehensive succession plan, set up all the proper paperwork, and turn things over to the next leader. Don’t have a year? You need extra help.

 

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

EGS doesn’t use the word "coach" to describe our one-stop exit services. But coaching is often a key part of the job. We begin with a courtesy consultation.

Protecting Yourself in a Business Partnership

Exit Strategies

Discords that are unable to be resolved can lead to the voluntary or forced exit of a participant. Plans should be established to handle the occurrence of such events. Additionally, accidents can happen to anyone and must be considered in a partnership. An exit strategy should be outlined in the unlikely circumstance that one of the partners is no longer able to continue due to disability or death.

Sourced through Scoop.it from: kelleylawoffice.com

How to Put in Place an Exit Strategy To Maximise Value – Business Achievers | Extend your business network and get support to help your business grow

The exit challenge requires a choice to be made between two fundamentally different exit objectives:

  1. The business as a vehicle for creating wealth for many generations to come or in other words for ‘family succession’ or
  2. The business ready for ‘value realisation’ within a planned period of time via an exit mechanism such as a Trade Sale.

Sourced through Scoop.it from: www.business-achievers.com

Good checklist article to begin the year. There’s a lot here. Take advantage of EGS’ initial courtesy consultation to cut through the noise.