Exit Planning doesn’t have to be complicated…..
Essentially, it’s a plan that you use to help you get to a destination.
Think of it like using a map…
- Decide on where we want to go (ideal exit date).
- Identify the best route to take (the steps to get there).
- Then let the map guide you & refer to it if you get off track.
Our map becomes the plan we use to help us exit smoothly, keep us on track and arrive at our ideal exit “Shangri-la”.
This is how we get started:
First, we need to identify what factors we need to change in our business, in order for it to be attractive to a buyer and to lift its value.
These factors, then become the basis of your Exit Plan.
To make this process easy, I have created a checklist that will give you a clear idea of what you need to change and what to include in your Exit Plan.
Simply tick what you require, and those tasks become the parts of your Exit Plan. Check it out below…
So, now that you have completed the checklist, you should have a clearer understanding of what you need to include in your Exit Plan.
Seem overwhelming?… It shouldn’t be.
The best time to start planning your Exit is NOW!.
Begin by putting steps in place to maximise your return when you choose to exit.
(By the way, if you need some assistance with your checklist, simply hit the
“Got a Question” button below – I’d be happy to help).
Righto, in my next email, I’m going to share how to solve a super common exit problem…
How to Remove yourself from Your Business
Until the next one,