Enterprising deductions

Home » business strategy » Exit Strategy

Exit Strategy

Main Menu

The exit strategy is one of the most overlooked factors by small business owners or first time entrepreneurs. It is something that gets little thought and is viewed as something that just sort of happens after a while. Having an exit strategy in place is important even if it doesn’t come to fruition exactly as planned.

There should be a plan for the endgame. After the business has run its course, what is next? Is the plan to build a system over the course of a few years and sell once the business is automated? Or is it to build an empire and establish a cash cow that stays in the family? (wish it was as easy as just choosing to do it…. maybe it is!)

Having an idea of how long the venture is to last and exactly what you personally want to get out of it are important items to consider when forming the business. All to often the exit strategy is an after thought rather than something intentional. Having one in place can save a lot of mental anguish for many entrepreneurs. If the endgame is not planned would-be entrepreneurs may instead stay owner/operators longer than intended.

Remember failing to plan is planning to fail.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Josh Hamilton

Josh Hamilton

Hungry, Determined and Motivated. These three words sum up my personal disposition. The key to strong business infrastructure is strong relationships. I seek to build long-term business relationships that transcend a simple monetary transaction. My aim has been, and will continue being, to establish very strong win-win relationships throughout my business journey. Opportunist and business creator. My experience lies in building business systems and concepts. My passion lies in motivating and inspiring others. I'm constantly reading and learning to maximize my value creating ability so that, I can achieve my overall goal of fostering substantial wealth for the Kingdom!

View Full Profile →

%d bloggers like this: