OPINION: Make sure you have an exit strategy from your business | IOL Personal Finance

A leader must know when it’s time to exit. I was working in our family business for 20 years. My daughter, Amy, was slated to take over. However, to my surprise, Amy decided to become a teacher instead. Yes, there are risks to generational succession: it only works 30 percent of the time…. Suddenly, I needed a new plan for my future.

Sourced through Scoop.it from: www.iol.co.za

Keen insight from this individual opinion. EGS is ready to build your strategy, including contingencies that offset the issue discussed in this article.

Why Every Business Owner Needs an Exit Strategy

Establishing an exit strategy – a plan for eventually leaving or selling the business – is a common-sense part of smart entrepreneurship, and it lends a sense of safety and peace of mind to what is inherently a risky proposition.

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

Congrats to the writer of this short, punchy article. For our regulars, it’s a fresh spin on the EGS theme of beginning with the end in mind. For new readers, know that EGS  offers a courtesy consultation where we listen hard to your needs.

How to exit your startup

The goal of many startup entrepreneurs is to eventually exit their company at a point where they can secure a great payout from themselves and investors. Sounds harsh and calculated, doesn’t it? Well, it is a business, so get used to it.

Sourced through Scoop.it from: techcollectivesea.com

Southeast Asia is the source? Yep, and the advice is basic but solid. Are you involved with a startup? EGS has exit answers and game plans.

Daniel Pessin’s 5 Golden Rules for a Successful Business include #3: Have an Exit Strategy

Ideally, you should have an exit strategy in place before you even start your business. An exit strategy is a strategic plan to sell the ownership of your company. Not only will having an exit strategy help you increase your future sale price, but it will also give you concrete goals to work towards.

Sourced through Scoop.it from: medium.com

EGS suggests promoting Rule 3 to Rule 1. Let’s do it, beginning with a courtesy custom consultation.

Do you have an exit plan for your small business?

Whether you intend to leave your business in one, five, or twenty years, you would be wise to make a plan now, like right now. You can even run your business differently and set it up for a buyer and command a higher price. It takes years, not months, to prepare a business for a new owner. The better the exit plan the higher the price you are likely to get for your business. How do you exactly plan an exit strategy?

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

Sweet and short. Take a minute to read, then contact EGS to get proactive.

Planning your exit from your business – key facts | Legal Resource Centre

Poor planning, poor result

Sourced through Scoop.it from: gardner-leader.legalresourcecentre.co.uk

EGS agrees: poor planning, poor result. This quick read from the U.K. is your reason to call EGS for superb planning, better results.

5 Tips for Selling Your Business and Retiring

Historically, only 25% of businesses up for sale actually sell. Those odds are likely to become worse as millions of baby boomers attempt to sell their businesses over the next decade in the Exit Bubble®.

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

EGS agrees with the concept of "The Exit Bubble." We are ready to help you beat it, starting with a strategic courtesy consultation.

Almost a quarter launch businesses with a sale in mind

Almost a quarter of entrepreneurs starting their own businesses do so with the aim of selling the business at a later date.This is according to a new study.

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

This means that more than 75% of entrepreneurs DO NOT build an exit strategy into the business plan. EGS is ready to fix that, starting with a courtesy consultation.

What is succession planning? A key talent strategy for business

Succession planning is a talent management process that builds a pool of trained workers who are ready to fill key roles when leaders and other key employees step down. Organizations with succession planning programs in place foster a talent-oriented culture by recruiting skilled workers and top talent.

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

This CIO article gets our vote for Best exit strategy article of August. The skilled writer covers the bases. At EGS, succession planning is strategic and tactical, and we begin with a courtesy strategic consultation.

Owners Need an Exit Plan in Addition to a Business Plan

When business owners start their businesses, they often create a written business plan to guide them toward success. However, many successful owners don’t mimic that process when they begin to approach the end of their business ownership. They should begin with the end in mind!

Sourced through Scoop.it from: blog.concannonmiller.com

EGS begins with a courtesy strategic planning session. We want to get the ball rolling on your exit plans.