Are you Exit Ready?

When starting a new business, whether it’s from your bank, your potential investors or your accountant. you always hear the same six words… Have you got a business plan?

All business owners, whether a new business or an established business, should have an exit plan in place, even if they don’t plan to exit for a number of years. If you know what the end game is, you can plan ahead to achieve your optimum value and desired exit.

Don’t get caught out, wishing you had put your exit plan in place earlier. You may have to work longer before your retire or settle for a lower business valuation than you hoped for. By being exit ready at all times, if an opportunity comes along earlier than anticipated, you can move quickly and not lose out because you hadn’t expected it. There are three critical plans that support the overall exit plan: