First Step in an Exit Strategy: Owner's Objectives

In my previous blog, I mentioned the vast majority of business owners I work with have never taken the time to develop an exit strategy. Exits can come about as a result of a planned or unplanned event. Are you ready? What are your objectives for a graceful exit?

1. How much annual after-tax income will my spouse and I need for the rest of our lives?
2. How long do I want to work?
3. Who do I want to transfer my business too? Family members? Key employees? Co-owners? Or, a third-party?
4. What do I plan to do after I exit my business?

This is just the 2nd in a series of exit strategy tools I plan to share. If you would like to learn more, please call me at 239-405-8818.