We’ve all heard the old adage, “If you fail to plan, then you plan to fail.” This is especially relevant when talking about an exit plan. Every business has an eventual end point, and it takes careful planning to reach a happy ending. However, according to TheBalance.com, 66 percent of small business owners have no plan for their businesses in the event of their disability, retirement or death.
So, what about your business? Do you have a robust exit plan in place? If not, I recommend a great article from AllBusiness.com. It offers some great basics to get you started. Throughout the article, you’ll find links to a variety of additional resources. To read the article, click here.
If you need advice or help more specific to your business, I welcome you to contact me at 479-409-3822 or firstname.lastname@example.org.