Page 43 - GBC spring 2016

3. Exit Strategy:
A plan focused on how and when you, as the business owner, will exit the business effectively and profitably. Key factors include your heath, your ability to lead and manage, your level of interest in the business, and the financial realities of the business and your life. You may continue to own the business, but not manage it.
Every business is eventually sold, either to a family member, to a group of employees, or to an outsider. Unless, of course, it just quietly and unprofitably fades away and dies. So, every business should be run with a successful transfer in mind. In order to make your business more saleable, let’s look at a checklist of what a buyer is actually buying, to see what might need more attention in your business.
Proper Planning is Key
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