Exit Strategy

News and Articles About Exit Strategy

Reduce These 9 Startup Risks for a Better Shot at Investor Funding
Investors

Reduce These 9 Startup Risks for a Better Shot at Investor Funding

Entrepreneurs can build leverage during negotiations by addressing these common causes of funders' anxieties.
Peter Gasca
Nonprofits, and Businesses, Can Be Self-Sustaining. Just Think 100 Years Ahead.
Sustainability

Nonprofits, and Businesses, Can Be Self-Sustaining. Just Think 100 Years Ahead.

"Everything seems possible in a 100 years, so it's both useful and important to focus the big vision," says the head of a digital agency.
Adam Callinan
5 Things Business Owners Should Keep in Mind With Succession Planning
Selling a Business

5 Things Business Owners Should Keep in Mind With Succession Planning

Being properly prepared puts the company leader in the best vantage point even if a sale is not immediately on the horizon.
Michelle Brennan Hall
First Steps: Writing the Executive Summary of Your Business Plan
Business Plans

First Steps: Writing the Executive Summary of Your Business Plan

This quick guide offers tips that will help you create the executive summary for your business plan.
The Staff of Entrepreneur Media, Inc.
3 Reasons I Decided to Leave the Company I Co-Founded
Exit Strategies

3 Reasons I Decided to Leave the Company I Co-Founded

One entrepreneur explains how he came to the difficult decision to step away and leave the company he loves and helped to build.
Scott Dudelson
Why You Should Sell Your Business to an MBA
Selling a Business

Why You Should Sell Your Business to an MBA

Search funds can be a strategic option for business owners looking for an exit.
Peter Lehrman
Why It's Key for Franchisees to Have an Exit Strategy
Franchise

Why It's Key for Franchisees to Have an Exit Strategy

You may not realize it when you buy a franchise, but franchising is a journey. And, every journey must eventually come to an end.
Joel Hall
5 Things to Do Before Saying 'I Do' to a Business Partner
Co-founders

5 Things to Do Before Saying 'I Do' to a Business Partner

When you meet a potential partner your personalities may click and your goals may be identical, but to have a successful relationship, clarity is key.
Deborah Mitchell
The 7 Due Diligence Basics for Investing in a Startup
Venture Capital

The 7 Due Diligence Basics for Investing in a Startup

There is only so much an investor can due to reduce risk, so be sure to do all of it.
Murray Newlands
A Mindset Tune-Up for a Profitable Exit Strategy
Exit Strategies

A Mindset Tune-Up for a Profitable Exit Strategy

Some simple shifts in thinking can help you attract buyers and move toward a profitable deal.
Carol Roth
Selling Your Business at Your Price
Exit Strategies

Selling Your Business at Your Price

No matter what valuation method you choose, plan your exit strategy for your company far in advance.
Jesse Torres
Top 5 Reasons e-Businesses Fail
Startup Kit

Top 5 Reasons e-Businesses Fail

Learn from the mistakes failed dotcom businesses made so you don't make the same errors when starting your e-business.
The Ethics Coach on Exit Strategy Etiquette
Exit Strategies

The Ethics Coach on Exit Strategy Etiquette

The do's and don't of handling exit strategies and partnerships that have gone sour.
Gael O'Brien
Maximize the Price of Your Business by Finding a Strategic Buyer
Selling a Business

Maximize the Price of Your Business by Finding a Strategic Buyer

Here are 3 steps to take to find a buyer that's right, and most profitable, for you.
Doug and Polly White

An exit strategy is a person’s planned exit from a business, including succession planning. An exit strategy can be the result of different scenarios, such as a merger, a sale to another owner or closure. Whatever the case, as a business owner, exit planning should include audited financial statements for (at least) the last two years and a clean balance sheet.

As a business owner, planning an exit strategy is a deliberation of questions such as:

  1. How do you see yourself transition out of your business?

  2. How much income do you need to leave with?  

  3. And what sort of exit method do you envision? Downshifting yourself to consultant? Growing the business to sell it? Grooming an heir to take your place?

Some related articles are “Five Smart Exit Strategies“ and “A Mindset Tune-Up for a Profitable Exit Strategy.“
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