Exit Strategy can be defined as the mindset a business owner creates in order to operate the business with a fresh outlook every day. It’s beginning with the end in mind which for most businesses is to 1 day sell the business. Begin each day with the end in mind.
- How do you want the day to unfold and end up?
- What will the financials of your business look like by years end?
- How about the view of the business in 5, 10, 15 or even 20 years ahead?
Your business was created for a defined purpose.
You may not be totally clear as to the way your business will look in 20 years, yet as you gain that clarity you also may find the legacy you desire to leave. Business exit strategy is about the change a business owner needs to keep their drive alive when involved in the day to day operations. Again exit strategy is most important even if the thought of leaving the business is not in your front of mind awareness. Knowing the end game helps develop the strategy for your successful business journey.
If we can help you define your exit strategy, give us a call,
-Steve
