More From This Topic

Exit Strategy

My Post-Acquisition Report Card

Planning your exit through a merger or acquisition takes a lot of study and preparation. Do your homework.
Exit Strategies

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

Long before you are ready to sell is the right time to begin getting the business ready to sell.
Project Grow

The High Costs of Your Exit Strategy

Whether it's a divorce or an M&A transaction, divesting can have lasting effects
Selling a Business

The 6 Types of Buyers for Your Business

Educating yourself on each buyer type is one of the first steps in beginning to plan the sale of your company.
Exit Strategies

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.
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.
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.
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.
Project Grow

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.
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.

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.“
My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.