课程: Small Business Secrets

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Exit strategy options

Exit strategy options

课程: Small Business Secrets

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Exit strategy options

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- Now let's talk a little bit about some of the specific strategies that you might use to exit your business. As I talk about these different strategies I'll discuss both the pros and the cons of each, so I recommend as you're watching this video to take notes about which one sounds like it fits what you're hoping to get out of your business. The first is the self-harvest, this goes in line with a dividend based strategy, meaning you're going to pay yourself a good salary and regular dividends, and that money becomes the exit not the business itself. The pros of this is that well it's simple to do, it's very easy to set up a payout structure to yourself. Another pro is that it's a nice way to build a life-style business. A life-style business is not something that you sell to someone else, but it's something that gives you the kind of life-style that you'd like on a longer term. The cons of this is that this kind of strategy stunts the growth of your business. It's going to slow you…

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