Exits Are Inevitable, Failure Is Not
WilmingtonBiz posts an article from Cornerstone Business Advisors about designing a comprehensive exit plan.
They suggest you a) Plan ahead b) Set measurable goals c) Incorporate flexibility and d) Use a proven process (and they then go on to pitch their “proven process”).
Several years ago, Doug, an exit planning advisor, met with Jim and Tim McCoy, owners of a thriving construction company.
What Doug assumed would be a business-planning meeting turned into a “we-are-getting-out-of-business-so-how-do-we-do-it” meeting. As successful as they were, the McCoys were tired of navigating the labyrinth of government regulation and paying ever-increasing taxes.
Ultimately, the day-to-day grind of running a multimillion-dollar company had taken its toll. Exits Are Inevitable, Failure Is Not by Dallas Romanowski