What Should Be Included in My Business Exit Strategy?

The first thing you should consider in your exit strategy is the timeframe: when are you wanting to exit the business? The more time that you have to plan that exit, the more opportunities you are going to have to create. The next things you want to consider are who your potential buyers are and what type of value your business has. Each industry has a way of evaluating the business and you need to know what your industry evaluation strategy is so that you can maximize your business during the time before you exit so that when you do exit, you are able to get the best dollars for your efforts over the years.

© 2014 Parsonage Vandenack Williams LLC

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