An exit strategy is a written plan outlining the transfer of ownership of a business. We recommend creating an exit strategy long before it becomes necessary. As a business owner, remember to keep your options open and be prepared, should your circumstances change. Consider this preemptive action plan an insurance policy of sorts.
Establishing an exit strategy does not mean you’re ready to sell your business; but when the time comes that you are ready, having a pre-established plan can help you get a return on the money and effort you have put into the business.
Here are a few steps to consider when establishing an exit strategy:
If the process seems a little overwhelming to you, you are not alone. Having someone there to guide you through the planning and execution phases can help you achieve the clarity and confidence you need to move forward. Our Certified Exit Planning Advisor will work with you and your advisory team to create a comprehensive exit strategy in writing, that can be updated in the future as your business grows and changes. We work with your financial planner, tax accountants and if necessary, lawyers, to ensure that you are leaving the legacy that you envision.
To start the process of establishing an exit strategy for your business, contact a licensed business broker from The Liberty Group of Nevada, Inc., today, click the link: https://www.thelibertygroupofnevada.com/contact/