Do You Have an Exit Strategy in Place?

You must thinking “why do I need to plan exit strategy for the business”? Well, you should consider the facts, it is a sad reality that not all businesses survive and franky speaking more than 80% of new enterprises quit in the first five years of business. That is one of the biggest reasons why planning an exit strategy is not an option when it comes to retirement planning and asset protection.

Exit planning basically refers to the work involved in exiting the business if the organisation is headed towards closing down (i.e. Bankruptcy, liquidation). The idea is to ensure your exit phase from the organisation is as hasslefree 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.

Time some time to research and plan your business exit strategy as this is a necessary tasks that you will have to go through sooner or later.

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