Do You Have an Exit Strategy in Place?

You may be quering “why do I need to have business exit strategy for my assets”? Well, consider this, it is a sad reality that not every business survives and franky speaking more than 80% of new enterprises do not succeed in the first five years of business. This is one of the foremost reasons why planning business exit plan is as important as ever when it comes to business valuation and employee incentives.

Exit strategy basically refers to the processes involved in exiting the business in the smartes way if the organisation is headed towards closing down (i.e. Bankruptcy, liquidation). The main goal is to ensure that your exit phase from the organisation is as smooth as possible with minimal damage or risk to yourself or the business which is ultimately the most important asset that will aid your retirement plans.

Spend some time to research and plan your business exit strategy as this is one of the most important tasks that you will conduct.

No tags for this post.
Categories: Guest Blog

Leave a Reply