Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header about About Home Profiles articles Tools forums inspirational quotes About facebook Twitter YouTube Blog

exit point Tagged Articles



Mid-Week Commodity ETF Update!
Commodities and stocks have been on fire the past two weeks and I think it just may be time for things to take a breather. Profit taking could happen anytime from now

Other exit point Related Articles

“Succession Planning For Your Business – Better Now Than Later!”
Do you, as a business owner, have a succession plan or exit strategy for your business? Do you, as an employee, know if a succession plan or exit strategy exists in your company or organization? This subject is one of the most critical aspects of owning and managing a business, yet it is also one of the most neglected aspects. Many business owners spend years and years building and growing their business, but without giving any thought to an exit strategy. An effective and smooth exit requires very sound planning several years in advance of the actual exit from the business. The exit strategy must be part of your strategic planning process and a specific long-range goal within your strategic action plan. This type of sound planning will prepare the business for new ownership and for the owner’s financial security afterwards.
Exiting Your Company Gracefully
Since you own a business or plan on having one in the near future, you have an exit strategy or plan, right? Your answer is probably “No”, which is typical for many people in their first venture of working for themselves. Every owner will eventually exit their business… even if they run it until they die. But then what?
A Strategic Look At Why You Should Develop A Business Exit Strategy Now!
Do you have an exit strategy for your business? I ask many prospective clients that question and find that too many do not have an exit strategy or plan; others have one that is not adequately funded or has no risk management built into the plan; or they have thought about it but never did anything about it. Michael Gerber, in his E-Myth books tells us that we create a business to sell it> Otherwise, we own a job not a business. So, I would say that whenever you create a business or something else that's interesting and useful, you create something that's worth selling. And subsequently, when you're thinking of selling a business, which is very important to you and your future well being, then it's critical to have a well-developed plan firmly in place. I have found that all strategic exit plans should identify the following:

Ready, Aim, EXIT! Why Exiting Planning NOW Will Benefit Your NOW
Exit planning is an integral part of a successful, comprehensive business plan. But most business owners are so busy growing their business that the last thing they stop to consider is their Exit Strategy. If you really want to build your company to be all that it can be and more, you need to establish right up front what you’re going for and what it means to you when you get there.

Are your dreams of retiring on the sale proceeds of your business pie in the sky?
Whether you went into business with a plan to sell your business in the future or not, at some stage you will need to exit. But have you planned an exit strategy that will fund your retirement? Or, are you just presuming that someone will come along one day and pay you handsomely for all your toil and struggle? If you are in the latter category, think again. Market predictions show that all your hard work building your business could disappear in a puff of smoke. However, it doesn’t have to be that way.

The new paradigm for V.C. Investing
Venture Capitalists and Private Equity firms alike insist that they only way to garner return on investment is to exit. If you’re investing in businesses that have real revenues and are, or soon will be, profitable and cash flow positive, why don’t you hold the company in a portfolio and take returns in the form of annual dividends? Depending on an exit for a return on your investment seems the highest risk kind of investment of all.

Planning Your Exit
This article emphasizes the importance of advanced exit planning for business owners and offers a practical guide to the steps for sound exit planning.
The Importance of Exit Interviews
Exit interviews can be a valuable source of information beyond learning the reasons why employees are leaving your company. When exit interviews are done well, they can uncover issues that can be addressed before they turn into lawsuits - issues such as harassment, discrimination and workplace violence. They can also provide information on how to improve procedures and can identify the programs in the company that are highly valued. Exit interviews can provide you with honest, focused feedback that you can act upon in your own time frame.

Why Develop An Exit Plan?
This article discusses the importance of a well thought out exit plan and how its important to have an exit strategy when you start or purchase a business. It will save you time, stress and money down the road!
Business Exit Planning - Can Your Business Survive If You Could No Longer Manage It Tomorrow?
An exit plan better prepares a business owner for the inevitable transition of the business. Think and formulate an exit plan that considers not only the planned exit options, but also the unplanned exit possibilities.

Featured Article

Bottom Footer



Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

TRADE SHOW FOLLOW-UP: HOW MUCH IS TOO MUCH?

Are You Stepping Into Growth?

10 Steps to a Great Support Team
Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.