What is Your Exit Strategy?

You must be probing “why is it necessary to include business exit strategy for my organisation”? Well, consider this, it is a part of reality that not every business survives and franky speaking more than 80% of new firms do not succeed in the first five years of business. That is one of the major reasons why having business exit plan is not an option when it comes to retirement planning and asset protection.

Exit planning basically refers to the steps involved in exiting the business if the business fails (i.e. Bankruptcy, or retirment). The idea is to ensure that your exit phase from the organisation is as hasslefree as possible with miniscule or risk to yourself or the business which is ultimately the most essential asset that will aid your retirement plans.

Take the time now to brainstorm and plan your exit strategy as this is an important tasks that you will conduct.

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