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How to Sell a Business: Why Entrepreneurs Need to Have an Exit Strategy

For most entrepreneurs, the thrill of the beginning is addicting. The idea of taking an idea, something so small and abstract, and then turning it into a full-fledged and functioning business is invigorating. Sometimes this feeling can be so exciting, though, that it causes entrepreneurs to lose sight of the end of the road.

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

EGS takes pleasure in discovering our core beliefs embedded in the thinking of new groups. Here’s a case in point, and it’s a quick read. Will it prompt you to pick up the phone and call EGS for a courtesy consultation?

Preparing your small business exit strategy

The key to successfully selling your business is to devise an exit strategy… to help you decide how much money you can make from a profitable business or how much of your initial investment you can retain from a struggling business.

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

Solid insight. Worth a quick read. And a free consultation at EGS.

11 Steps Every Entrepreneur Should Consider When Preparing for an Exit

These actions will help you avoid leaving money on the table when selling your business.

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

Worth repeating for the new year. Here’s a fresh spin on exit decision making for entrepreneurs and small business owners. If any of this resonates with you, contact EGS to move the ball forward.

Aging small-business owners unprepared for retirement: survey

The majority of [Canadian] small-business owners don’t have a detailed retirement plan in place despite little interest in expanding their business, according to recent study conducted on behalf of Toronto-based Canadian Imperial Bank of Commerce. In fact, 78% of aging business owners haven’t prepared any sort of formal plan to prepare for an upcoming retirement or in the event of an unexpected emergency, the report says.

 

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

What happens in Canada doesn’t stay there. This Toronto bank-sponsored report is quite accurate for small U.S. businesses, as well. EGS stands ready to help, beginning with a complementary consultation.

Time to Move On? Here Are 7 Strategies for Exiting Your Small Business

An exit strategy is something that every investor in a small business looks for. But even if you are running a one person sole proprietorship, you need an exit strategy. For you, as for any investor in a business, the questions are the same when it’s time to move on.

 

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

Although the guy in the photo looks like he might be wearing prison stripes, this is actually a decent article with some fresh insight. Contact EGS to get insight specific to your business.