Preparing for exit
. Gary King .
Work less, earn more ?? | Top Business Mentor ?? | Helping business owners and leaders take action, get focussed and scale without overwhelm! ?? | If you want to stop dithering, lets chat ??
60 Second Snippet #41 - Preparing for exit
Surprisingly, less than 95% of small business owners have an exit plan.
Let’s face it, there’s going to be a time when we all exit our businesses.?Whether that be a commercial sale, closing the doors and walking away or it’s in a wooden casket.?Hopefully it won't be the latter.
Therefore wouldn’t it make sense to figure out when you want to exit, what value if any you would like to realise and then work backwards and develop a plan so you are in control?
I was recently "In discussion with"?Richard Coulthard?of Ison Harrison Solicitors, who talked me through the most common methods of exit, what the pros and cons are and what a small business owner should do once they have an exit in mind.
There are strategies that can be adopted to maximise the sale value and also to avoid the common pitfalls and mistakes that are made.
I certainly learned a lot and now have some great tips that I can share with my clients.
If you are not thinking about exit right now, you perhaps should be so you can plan for the best options and best value for you.??
Click this?link?to access the discussion.
Gary