There are many stages to owning a business. The first stage is inspiration and motivation. You have a great idea and you’re thinking about doing something with it. Then comes the planning stage.
You begin taking steps to turn your business idea into a reality. You research your competition, learn more about your audience, and start the business plan creation process. Then you open your doors. This is a great time in the life of an entrepreneur. It’s incredibly rewarding. It’s also a bit stressful but in a good way.
Then you go through the process of building your business, introducing more products or services, and taking strategic steps to grow your business. You can roll along at this stage of business ownership for a few months or for several decades. It all depends on the surprises that life throws at you and your personal priorities and goals.
Eventually, due to a planned life change or an unexpected event, it becomes time for the final phase of entrepreneurship – exiting your business. If you haven’t planned for this moment, then it can take you quite by surprise. It’s not something you want to be unprepared for.
If you don’t have an exit strategy you put yourself at the risk of undervaluing your company, losing control over the exit process or not meeting your personal, financial or business goals.
=> Three Ways To Exit Your Business
=> Hiring Someone To Implement Your Exit Plan
=> Creating Your Exit Plan Step By Step
=> Tools to Create Your Exit Plan
=> How To Help Customers Adjust To New Ownership
=> How To End Your Business And Gracefully Walk Away
=> How Your Exit Strategy Impacts Your Online Reputation
=>Three Exit Strategy Myths You Might Be Guilty of Believing
=> The Pros And Cons of Selling Your Business
=> Should I Close My Business Down?
=> 4 Signs It Is Time To Exit Your Business
=> Three Tips To Price Your Business To Sell
If you are interested in exploring a merger or sales opportunity, please contact me, I am always on the lookout. We can have a no obligation chat about your business to see if there’s a way for us to work together, or I can look into my contacts to see if I can connect you with anyone that would be better suited to help you.