The Exit Plan

Every business owner will leave their business one way or another. The measure of success in exiting your business is the ability to determine the terms and timing of departure.

A successful exit from your business requires planning. There is a saying in the Army: “Proper Prior Planning Prevents Poor Performance.” This maxim is very true of exit planning.

To build an effective succession plan that will let you exit your business on your terms and timing, there are five key steps you should follow:

Key Steps to an Effective Exit Plan

Now that you understand the key steps required for an effective succession plan, you need to know the topics an effective succession plan must address.

Topics Addressed by a Fully Developed Exit Plan

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s