Why all good business owners need a strong exit plan
Most business owners put everything they have into growing their businesses. Blood, sweat, tears, hours of time and effort, and of course, plenty of cash.
So if the time comes to sell your business, or your shares in it, you need to make sure that all your physical and financial investment is properly rewarded.
The best way to do that is by formulating a strong business exit plan.
The earlier you do this, the better. Because the sooner you have the right structures, processes, and value-driving factors in place, the easier it is to be strategic with your timing, and only sell when the market conditions are right.