Choosing an exit strategy for your business might not seem like an obvious step when you’re just getting started, however planning ahead is an important part of building a business. An exit strategy is a plan for how you will eventually leave the business. It also includes details on what will happen to the organization after you have left. Leaving a business can be stressful, and emotions can often obscure your judgment. Should this occur, a good exit strategy that you’ve come up with in advance will enable you to address tough situations rationally.
6:05 Determining why you should sell instead of how to sell.
11:01 What are your reasons for exiting?
14:51 Developing a durable plan and assembling your team.
21:19 Getting ahead of the plan - Advanced due diligence.
24:32 Developing your team.
36:54 Types of exit strategies.
46:51 Benefits of counsel and open conversation.