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Business Owners

The Importance of a Goals-Based Exit Plan for Your Business

By Business Owners

EXECUTIVE SUMMARY

If you are one of the 40% of business owners who plan to sell their company in the next 5 years 1, what is your plan? If you are in the “wait and see” camp, then you are setting yourself up for disappointment and frustration. Instead, begin planning today so you can enjoy positive outcomes down the road. Don’t be one of the 83% of business owners who have no transition plan, or have not communicated or written it down. 2

You might wonder, where do I start? What if you started with the personal goals you are looking to accomplish in your life, and then planning for the exit of your business in the context of “what’s next?”

In this series, I want to discuss goals-based exit planning and today we’ll start by talking about why it’s important. Read More