Exit strategies for business

You have a great business and you’re not thinking of selling right now, but what if you need to? A health crisis, loss of a partner or reluctance of family to take over the business could all result in the need to sell your business, but can you execute an exit strategy right away?

Up to 70-80% of small business owner’s total net worth is directly tied to their company, based on research from GrowthSmart Consulting, Inc. Yet, despite this, over 60% of business owners don’t have an “exit” strategy.

Robert Denten

With so much at stake, business owners need to include an exit strategy as a key component to their overall business plan. Being prepared will help you maintain, and likely increase, the value of your business. Actions you take now could take time to implement to have full impact.

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