Collectively, these are known as exit strategies, and every entrepreneur should have one. Yet many exit their companies without a clear plan. This may be largely due to the fact that entrepreneurs are more focused on starting and building their businesses than on leaving them.
You will make better business decisions by planning ahead with Bullseye Engagement?s succession plans. If you start your succession planning early, you will have time to get outside advice, deal with unforeseen issues and avoid last-minute decisions that could prove costly.
Although unique to every business, our succession plan consists of a series of steps, including determining your objectives, identifying a successor, dealing with legal and financial issues and getting a valuation. It?s often a complex and sometimes emotional process for a business owner and his or her family.