Entrepreneurial Exit Strategy

By: A Staff Writer

Updated on: Jul 19, 2024

Plan the End Game NOW

Every entrepreneur needs an exit strategy, even if it’s far off. Here’s why…

• Know Your Goals: Selling, passing it on to family, going public… what’s your ideal endpoint?
• Valuation Matters: Start building a sellable business from the start to maximize potential profit.
• Documents in Order: Clean financials, organized legal records save TONS of stress down the road.
• Succession Planning: Groom your successor early, whether it’s family, key employee, or potential buyer.
• Your Legacy Lives On: How do you want your business to continue without you?
• Advisor Advantage: Consult with lawyers, accountants specializing in biz transitions for smooth execution.

Start thinking exit strategy even in startup mode, it impacts decisions along the way.