Exit Strategy

News and Articles About Exit Strategy

My Post-Acquisition Report Card
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.
Brenton Hayden
How to Make a Lucrative Business Exit From 5 Entrepreneurs Who've Done It
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.
Thomas Smale
The High Costs of Your Exit Strategy
Exit Strategies

The High Costs of Your Exit Strategy

Whether it's a divorce or an M&A transaction, divesting can have lasting effects
Steph Wagner
The 6 Types of Buyers for Your Business
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.
Peter Lehrman
Why You Need an Exit Strategy for Your Business
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.
Deborah Mitchell
Reduce These 9 Startup Risks for a Better Shot at Investor Funding
Ready To Launch

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 Optimization

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
Radicals & Visionaries

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

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.“