Business Exit Strategy
Standardizing your business and building systems is the first step toward creating a business that can actually run without you in it. Not only will investing your time in creating systems eventually free up your time, but it will also allow you to sell your business quicker.
So what are you waiting for?
It’s time to create an Business Exit Strategy.
Why are Business Exit Strategies so important, you ask?
- Having a Business Exit Strategy forces you to consider your future, not just the present and therefore opens you to possibilities.
- It reminds you that – a business is not about you, it’s about the ROI – Return on Investment.
- You plan to set things in motion that can require significant time to come to fruition
- Having a Business Exit Strategy makes the future more predictable, so that you are not surprised and neither are your heirs…
Not only can systems increase your revenue, productivity and opportunity for growth, but they will also allow you to exit your business when the timing is right.
We also suggest cross-training your staff so that most employees can do more than one job in the company. That way, in the event of an employee departure, a cross-trained staffer can slip into the open spot, follow the systems in place, and execute the work required. A cross-trained staff will certainly help when it comes to selling your business.
Starting with the end in mind, takes you out of the business faster so you can spend more time working on it. It’s never too late to start, but if you are planning to exit your business within the next 10 years, you have to start restructuring your beliefs and actions today.
It is estimated that in the next 10 years, fully 60% of entrepreneurial businesses in this country will be on the block as many Americans reach retirement age and look to sell the businesses they have built.
Will you be one of the people who will transition successfully into retirement or will you have to keep working indefinitely because you can’t sell your business for what you want or need, in order to enjoy your retirement years?
Whatever your business challenge is, we can help you starting today.
Simply click the link below to schedule your free 30 minute, no obligation, phone consultation. We’ll focus on your #1 challenge, and at the end of the call we’ll give you at least one practical strategy so that you can move forward immediately.
Schedule your free 30 minute
business assessment session today!
Or you can follow the link and our business experts can provide a Complimentary Business Evaluation for your business.
Start increasing your bottom line today.