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December 07, 2006

Michael Shahnasarian @ Entrepreneur

Do you have an exit plan?

Family businesses often have legacy agreements. Like family businesses, procedures for closing a business or selling the business to others can be most effective if planned in advance, not at the last minute. What succession plan, if any, do you have? When will you exit your business - when you reach your goal(s)? when you find someone who can do the job as well as or better than you? when others make the decision for you? when you decide to pursue other goals? No matter where you are in your business development, it can be helpful to plan your exit strategy

Keywords: Closing a business, Entrepreneur, Exit strategy, legacy agreements, MS, Selling a business, succession plan

Posted by Michael Shahnasarian @ Entrepreneur

Comments

Michael, this is perhaps the most difficult topic for an entrepreneur to address. Thank you for agreeing to tackle the topic of exiting one's business and providing such an interesting case study in the monograph.

Sally Gelardin on Sunday, 10 December 2006, 08:57 EST # |

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