Start getting answers to questions like these, and get an Exit Plan in place.
The exit that you eventually decide to take from your business can take many forms.
You may want to keep the business in the family, or pass it on to the senior team in some form of Management Buyout.
You may well be hoping to sell the business for a valuation that rewards a lifetime of hard work.
Or, you may intend to realise the value in the business assets through a liquidation.
One thing’s for sure, there isn’t a right answer, but timing and luck have a role to play.
Whatever you choose, embarking on your own ‘Path to Exit‘ well ahead of time will give you the ability to choose what you want to do.
And, the longer you leave it to get on your ‘Path to Exit‘, the fewer options you’ll have, which may mean having to work much longer than you’d planned.
Click here to complete the questionnaire and assess your own exit readiness.
Exit Planner
Non-Executive Director
Mentor
Business Advisor