Episode 93 | Exiting the Mess

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YES! Women's Network

 

Episode 93 – Messy Exits from Business

Many business owners don’t realize that they need to start planning their exit from the business immediately. From the first day of starting a business, business owners need to plan their exit strategy. Building a business to sell it or building it with the intention of seeing it through to retirement will make a big difference in how the business is built and how it is managed. By waiting too long to determine the exit strategy entrepreneurs may find themselves leaving money on the table.
“Either run the day or the day runs you.” – Jim Rohn

Question

“When should I start planning the exit strategy for my business? I am thinking I want to build this to sell or at least for sure I want to be able to retire one day! So, when do I start preparing and what should I be sure I have in place when I’m ready to approach a buyer?”

About Our Expert Michael

Michael Westover grew up in California, Ohio, and Oregon. He graduated with a Bachelors’s from Brigham Young University, a Masters’s degree from Idaho State University, and an Education Specialist Degree from the University of Utah. He loves to travel with his wife and his 7 children. He is the founder of Biznis Resource which helps small and medium-sized businesses properly start a business, non-profit or school, create viable and lasting business plans, secure capital or funding for immediate needs and long-term growth, research affordable products and service to fine-tune systems and operations, create a laser-focused marketing strategy, franchise when appropriate, create exit strategies to sell their businesses and even research options to buy the right and best business. http://bit.ly/RediscoverYourPlayBonus

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