The whens, whys & hows of your business exit plan
An Australian broker explains why it’s never too early to start working on your exit plan, that planning and strategising are not just for running and growing your business. How you set your business up and how you grow it impact on the exit options available to you when the time comes.
The manner of your exit plan will depend on the type of business you run, including such factors as size and industry. Your exit will also be strongly influenced by whether the industry you are in is on the rise, stable, or in decline….
Your market position in the industry will also influence your exit. As a leading or rising business, you might be seen as a coveted acquisition for a bigger firm. If you’re a straggler, offers might be less generous, or few and far between…
thumbnail courtesy of smartcompany.com.au