Do you have or need an exit strategy for your business?
You may be wondering why I am asking you to think about an exit strategy.
The most successful businesses begin with the end in mind. If you are just getting started or just hitting your stride, you may be thinking there is no need for this strategy now because it is too far into the future. The truth is, the time to figure that out is right now!
Have you thought about what will define success for you? When will you retire and close or sell your business? What kind of profit will be important, how much money will you need in the bank to live off of, what will you actually sell? No matter what your answers are, it requires having an exit strategy.
Ask yourself these questions:
- Are you building an asset to sell and will the proceeds from the sale fund your next steps in life?
- Are you creating a legacy to be passed on to the next generation?
- Are you creating a method to create cash and will that cash be used for investing to fund the next steps in your life?
- Are you creating something to do for a time that will allow for a certain lifestyle for that time?
Once you are clear on these answers you are ready to create the forecast for success now and in the future.
We teach our clients to create an exit strategy using business forecasting techniques. Thinking through short, medium, and long-term strategies will help you to create the systems and structures that will not only create the income and profits you desire but also a business that has value.
If you are ready to experience long-term growth, despite the economic conditions, and to create an exit/profit strategy with a trusted and experienced financial management expert then let’s talk.
We have many ways to work with you to get you on the right path! Email us at email@example.com and let’s connect.