Your business may be your most valuable asset—you've probably invested more time and energy there than any other single investment. Doesn't it make sense to consider your options when considering how you can exit? In considering an exit strategy, business owners don't plan to fail, they fail to plan. If you are like many business owners, the reasons for failing to plan may be:
It is important to consider these questions when developing a successful exit plan:
These questions are almost misleadingly simple to ask, but to answer them affirmatively requires thought and action on your part. Creating and implementing your exit plan may be the most important business and financial event of your life.
Davies Financial Advisors does not provide business valuation, tax preparation or legal services. Please consult an attorney or tax professional for your specific situation.