Exit Strategies
An “Exit Strategy” is an entrepreneur’s strategic plan to sell their ownership in a company or product to investors or another company and, if the Exit is successful, make a substantial profit. There are many exit strategies that are used by different industries, and each strategy has their own nuances and general rules. However, there is one general rule that applies to nearly all exit strategies – don’t wait until you are ready to exit before determining the exit strategy. The time to develop the exit strategy is often years before the planned exit date because many tasks are often required for a successful exit, and those tasks take time.
Due Diligence Preparation
Being proactive by preparing your business to sell will greatly increase the chances that it will sell. Due diligence preparation involves preparing and organizing documents that most buyers will ask to review during the due diligence period. LEARN MORE
Develop Exit Plans With Key Professionals
Ideally, you should be planning and developing your exit strategy the day you open your business. As part of that process, you want to work with a team of experts who can help to improve the value of your company as well as protect your assets. LEARN MORE