Do You Have an Exit Strategy in Place?

You must be probing “why necessary to have business exit strategy for the assets”? Well, consider this, it is a part of reality that not every business survives and statistically speaking more than 80% of new enterprises do not make it in the first five years of business. That is one of the major reasons why having a business exit strategy is more necessary then ever 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 that your exit phase from the firm 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.

Spend some time to brainstorm and focus on your exit planning as this is an important tasks that you will have to go through sooner or later.

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