I’m not ready to leave my business yet – why should I worry about exit planning?
Ideally, exit planning starts when your business does. The longer you wait, the more likely you will have to deal with things that you wish you had done, or not done, along the way.
Waiting to strategize your exit means that you don’t know if today’s business decisions will help or hurt success at exit.
Ask yourself “Is my business ready for me to exit today?” If not, why not? The answer is usually a weakness in the business. Exit planning, in no small measure, is about strengthening the business. Planning for tomorrow’s exit creates a better business today.
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