Exit Strategy

Exit Strategy

What I Learned After One of the World's Leading Brands Acquired My Startup

As entrepreneurs thinking about selling, you and your partners must be crystal clear about why you want to do that.

3 Signs It's a Smart Time to Sell Your Online Business

Running a company takes one set of skills. Fully capitalizing on beckoning opportunities requires another -- and an awareness of your market.

Cashing Out: 3 Tips for Valuing and Preparing Your Business for Sale

The journey from founder to investor is a time where all of your hard work and dedication can bear fruit.

4 Tips for a Happy Exit From the Company You Founded and Love

Selling your startup is something to celebrate. Complaining dishonors the awesomeness of the journey.

3 Mistakes Entrepreneurs Make Setting Up Their Exit

Business owners commonly wait far too long to get the professional help needed to make the best of what they have built.

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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.“