A comprehensive strategy to get your business up and running should also include planning for your own exit. As one of the founders, your departure will have a significant impact on the enterprise itself, your fellow business partners, your customers and your future. So, as counterintuitive as it may seem, how you plan to exit your organization is an important decision to make, even at your business’s onset. Take the time to work with a trusted professional to outline your succession plan so that you are prepared for whatever future you encounter.
Starting your business with the end in mind includes thinking about how quickly you want to exit the business, what role you want to play when you leave, and who will take over. In our new comprehensive succession planning e-book, we cover these topics plus how to start your journey, FAQs, selecting the best exit strategy, determining if you need a business valuation, and the tax implications of your plan.
If you have questions about your current plan or want to create a more thorough strategy, please reach out to us. Our team would love to help you develop a plan that is right for you.