There is the old saying that the time to develop an exit strategy is the day you open for business. Sounds good, but it’s not very realistic. Further, it also isn’t very optimistic. On the day you open for business, thoughts about how you get out of it aren’t pleasant, or helpful, thoughts. However, as you get the business to a place where you have a bit of extra time to plan, you will find that the things you need to do to improve your business are some of the very things you will need to work … [Read more...]
Planning Your Exit
February 15, 2013 by
By: Tom Lindahl, CABI President Transferring your business to the control of someone else is the single most important financial event in every business owner’s life. Transferring it to whom you wish on terms that are favorable is a huge challenge and one that business owners need help with. Think of planning for your exit as planning for the succession in ownership and leadership of the company. The best way for you to exit is with a competent, motivated leadership team executing a proven, … [Read more...]
