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worth-knowing

How to Make a Lucrative Business Exit From 5 Entrepreneurs Who've Done It

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The 6 Types of Buyers for Your Business

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Why You Need an Exit Strategy for Your Business

It turns out, without a detailed exit strategy, I have been working harder, not smarter, with no real plan for the end.
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Reduce These 9 Startup Risks for a Better Shot at Investor Funding

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5 Things Business Owners Should Keep in Mind With Succession Planning

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Exit Strategies

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

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worth-knowing

Why You Should Sell Your Business to an MBA

Search funds can be a strategic option for business owners looking for an exit.

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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