exit strategy

Like this article? PLEASE +1 it!

exit strategy Tagged Articles

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?

You Can’t Be Fired But Neither Can You Quit

Facing the issue of succession or the sale of one’s business is very much akin to addressing the need for life insurance. Neither subject is addressed with much enthusiasm by the average person. The prudent address the inevitable and prepare. Although only one eventuality exists for us as individuals, three exist for our business: Transfer to family, sell to outsider, or close down. This article is meant to shed light on the contrast betwenn business owner's expectations regarding the transfer of their business and the reality of what really happens.

Sell a business in a down economy?
Deciding to sell one's business is difficult enough in good times, a down economy only complicates the decision making process. If you've taken your foot off the gas you are not coasting but rather you're sliding, and your business is loosing value every day you wait. It's Grow or Go, there is no Status Quo. If you wait too long you may not have much left to sell.

How to Create an Exit Strategy for Your Dental Practice So You Can Retire & Live the Lifestyle You Want
Create a Plan That Helps You Become Financially Independent & Set-up an Exit Strategy for Your Dental Practice

7 Mistakes To Avoid When Scaling Up Your Green Biz
Growing a green business is exponentially more difficult than a "traditional" business. They have much more to worry about than just being profitable. Environmental and social concerns are crucial to their success. Learn how to avoid making the top seven mistakes when scaling up your green business.

Franchises: What's the Exit Strategy?
All good Franchisors should be looking for Franchisees that wish to maximize the value of their business with a well laid out plan. That will only enhance the value of the Franchise system as a whole, which increases value for each individual stakeholder. For the Franchisee, it really should be a significant attraction to become involved in the business in the first place.

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.

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!

5 Simple Tips To Be More Productive
These are 5 simple tips to help keep you productive and on track in your profession or business.

Work From Home or Work From Anywhere?
Do you want an opportunity to work from home? Or is it freedom itself that you are truly after?

Market tells Bernanke: Take a Hike!
Much has been made of the inflation vs. deflation debate as of late, but at the end of the day neither will be seem important if investors have no confidence in our economy. If you want the markets to be stronger, then you have to project strength and not weakness.

Writing Tip: Avoid worn-out clichés in your closing sentence
To clearly communicate a deadline, timeline or schedule for what needs to get done, avoid worn-out clichés in your closing sentence.

Franchising vs. Licensing
Frequently entrepreneurs look to licensing as a way to accomplish their expansion goals, thinking that it is less complicated and less expensive than franchising, but they should look carefully before thinking that licensing can accomplish the same thing as franchising.

Franchising Can Be a Legal Money Machine
Franchising is a unique income producer, that with a successful offering, and produce above-average income.

Entrepreneurs – What Should Be In Your Business Plan?
You are setting up your business and know that you need a business plan but you have no idea what should be in it. Well here are a few ideas for you:

Enough Is Enough Strategies for Change

Obama scolds Wall Street last week for giving themselves $18.4 billion in bonuses, the same amount they gave themselves in 2004 when the economy was quite strong. Many of these bonus-hungry firms are the same ones that have recently been in front of Congress with their hats in their hands looking for bailout funds. How do you know when it is time to change strategies, end the run. With recent spot light on Wall Street Greed, shines the light on a basic human characteristic[Money and Power], and can wreak havoc on our lives as well as others when left unchecked. Here are the basic five components to knowing if you’ve had enough:

The Discipline of Profitability
Profitability is no accident! In fact, profitability starts with a mindset. It also requires written plans, budgets, and talented management and employee teams to execute the plan. Without the mindset and the determination to be profitable, most companies will not achieve maximum profitability. I refer to this mindset and the action it inspires, the discipline of profitability.

10 reasons why you need an Expert’s Advice
As the retail industry is growing, more and more people are coming in. It is sad to say, but a very few survives. Most of them change their course of business or shuts down. It is found in a survey that one of the top 5 reasons why a retail shuts down is poor domain knowledge.

Which Industries hold most promise in 2009

The January issue of Entrepreneur Magazine is out on the news stands and for those who have never read the magazine, January issue is dedicated to the Franchise industry. In this issue, there is an article (see link on my web site under News and Articles) that talks about the Magazine's predictions for Franchise Industries that hold the most promise for growth and stability in 2009. Interestingly enough, I wrote a blog about the very same topic in October of 08 (See blog titled: "Businesses that are still making money in this economy"). Almost every industry that is mention in my blog is mentioned in the Magazine's article. Now I am not saying that I am the smartest man alive, but it is comforting to know that the experts agree with my views and that I am on the right track. There have also been plenty of talk about how Franchise ow

Small Business Growth Quiz – 7 Market Focused Questions You Must Ask To Help You Grow
Stop thinking like a small business owner... here are 7 Questions to think about and respond to when planning for Business Growth

Exit Plan or Shot In The Dark?
Have a great job that you love? Have a lousy job that you hate? Before you have no job at all, you need to know where you want to go and plan for it: not later, NOW.

7 Easy Tips To Help You Start An Internet Home Based Business

These days, starting a home business is easier than even. The advent of internet businesses and their acceptance by the general population has made working from home with an internet home based business a great way to make money from the comfort of your own home, in a variety of fields. If you're new to the home based business world, or simply need a bit of a refresher, here are 7 easy tips to help you in your internet home based business endeavors.

What If I Get Sick?
Why do guys fear midlife? The chances of anything bad happening to you at midlife aren't that much greater than them happening tomorrow.

Exit Strategies
Planning on selling up soon? How many times have you heard business people say "my business is my pension"? Unfortunately, too frequently, and unfortunately too many find that their pension isn't worth what they believe it to be.

What Good Are Exit Interviews
Having an exit interview strategy let’s people within your organization know that individual managers, as well as the company as a whole, really care why someone chooses to leave. In learning to better understand why people leave unexpectedly, organizations receive valuable insights into ways to improve employee satisfaction and prevent unnecessary turnover in the future.

Family Business
Don’t do it! At least that’s what some experts say. I’m not going to tell you what to do, but here are some issues you want to consider before going into business with family.

Which is it - Strategic Plan or Strategic Plan of Action?

We've heard the clichés about planning and failure. So, what is the major obstacle for people to simply jot down what's already in their mind? My view is that the act of writing things down makes the idea concrete and attached to commitment and responsibility. In our CYA (cover your assets) culture, one understands the anxiety that can be attached to writing out a plan. Here are several strategies to help you break that cycle and move forward. If procrastination and commitophopeia aren't your issues, congratulations.

The End Starts at the Beginning
Every entrepreneur must begin planning their exit strategy at the beginning. The months spent on writing a business plan must include a plan for the end of the business as well as the start.

Working Today to Retire Tomorrow
And now is the time for you to begin to create a business that’s worth a lot of money when you retire. It’s time to prepare your own “house” for that big sale. In other words, much of the exit strategy is getting your business in tip-top shape with systems today, so that it runs smoothly and will continue to run smoothly and efficiently when a buyer takes over tomorrow.

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.

Strategic Exit Planning and Strategic Tax Planning to Save Income Taxes

Your partner, Uncle Sam, through the federal income tax and his State and Local Tax buddies (lovingly called your “Tax Partners”) are excited about getting their share of your business profits (and salary income) right about now. If you are like most business owners you are focused on legally reducing your contribution through strategic tax planning and strategic planning to your Tax Partners this year. If you are like the exceptional few business owners, you are doing your best to look at how you will reduce your payments to your Tax Partners over your life and the life of your business through strategic exit planning and strategic tax planning.

The New Boomer Entrepreneur, Start-Ups and Start-Downs

Small business has changed dramatically since the new millennium. For starters, it's grown dramatically with 95% of all businesses in Canada and the United States being classified as small or medium-sized. Moreover, the distinction between micro and larger more established small and medium-sized businesses is widely accepted by most companies targeting the 'small business market' today. This means suppliers of all kinds of products and services recognize the significant differences in their respective needs and have created distinct offerings to suit the unique requirements of these separate and distinct groups.

Stock Market Volatility and the Impact on Small/Medium Size Business Owners and Buyers

Recent stock market activity has created a sense of uneasiness among small to medium, size business owners attempting to sell their business and has also created a greater awareness of risk among those seeking to acquire such businesses. A down market does not necessarily preclude business sales - volatility, however, as we have witnessed during August 2011, instills an element of uncertainty that can adversely influence the confidence of buyers that have been seeking business ownership and its correlative fulfillment of the American Dream.

Walking Away From the Big Bucks in the Pursuit of True Balance
Seven Strategies to a Graceful Career Transition

A Strategically Structured Outline For Business Succession Planning From Your Strategic Thinking Business Coach

One major question I ask business owners is: “Do you have a succession plan or exit strategy for your business?” I also ask employees: “Do you know if a succession plan or exit strategy exists in your company or organization?” My experience has more than 90% telling me they have no succession plan or exit strategy. Succession planning is a critical factor for the long-term success of any business. Leadership transitions in business affect the entire organization’s continuity, employee retention, client retention and returns on investment. It is essential to create and implement a process that creates visibility, accountability and greater integration of all facets of the business. Your Strategic Thinking Business Coach has developed a strategically structured succession plan outlnine and shares it in this article.

What to Look For in a New Franchise
Want to buy a franchise opportunity? Great idea! Here is a high-level overview on what to look for.

What to Look For in a New Franchise
Want to buy a franchise opportunity? Great idea! Here is a high-level overview on what to look for.

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:

Exit Strategy
Most small business owners run them until they get really tired. Then they quit and live off their savings. Better strategy - turn your business into a saleable commodity, and get the next owner to pay for your extended vacation!

What is Your Exit Strategy?
The day will come when you need to sell… What is your business exit strategy?

Planning the End at the Beginning
Every business needs an exit strategy. Every business person must think exit strategy every day.

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.

Risk Management for Law Firms
Have you planned an exit strategy for you?

exit strategy Tagged Articles

Other exit strategy Related Articles