When business owners start to think about exiting their companies, the number of possible Exit Paths can seem limitless. In reality, there are only eight. Let us help you figure out which path is best for you and your company.
The Seven Step Process
While each Exit Plan is as unique as the owner who creates it, properly crafted Exit Plans have several signature characteristics. One of the aims to increase business value both in the short and long term.
Create Value Drivers
The characteristics buyers seek are called Value Drivers, and they must exist before the sale process even begins. Value Drivers are characteristics of a business that either reduce the risk associated with owning the business or enhance the prospect that the business will grow significantly in the future. It is your job as the owner to create value within your business prior to a sale.
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THE EXIT CHECKLIST
A 5-Step Personal Action Plan For A Happy (And Lucrative) Exit From Your Business
ARE YOU READY TO EXIT YOUR BUSINESS?
For a successful exit, you need to be able to say a hearty “Yes!” to two important questions…
1. Are you ready to exit? 2. Is your business ready for you to exit?
Easy questions to ask, but far more difficult to answer. This is why we’ve created a five-step action plan to ensure you have a happy, lucrative exit from your business.