Do I need an exit Plan?

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Exit Strategies for Your Business
If you're thinking ahead to the day when you'll no longer run your business, think about the exit strategies now so you'll be prepared for your future.
  
Entrepreneurs live for the struggle of launching their businesses. But one thing they often forget is that decisions made on day one can have huge implications down the road.

You see, it's not enough to build a business worth a fortune; you have to make sure you have an exit strategy, a way to get the money back out.

Statistics show us that only 2% of Businesses listed for sale actually sell. 

That tells me that a lot of businesses will be insolvent or just close down. Obviously a lot of owners are missing out on what is rightfully theirs for retirement. 

Where do you fit? I do not think you would want to miss out.​

I suggest you ask for an initial meeting to learn more about setting up your business for the future.
  
The purpose of this meeting is where I hope to have the opportunity to explain who I am and what I do. Next, I'd like to ask some questions to learn about your situation and organization.
 
Then you, no doubt, will have questions about some of the things I've said and how they apply to you.
 
After that, we can see what makes sense and take whatever the next step should be... Or you can tell me what you think the next step should be.
 
Will it work for you? Maybe, Maybe not. Our system isn’t right for everyone. So, I’d like to have a quick conversation and you can tell me whether or not if you feel this is a fit with your operation.
  

Some points to think about:-
How Attractive Is Your Business to Buyers?
Start by thinking yourself into the mind of a serious potential buyer. What will be at the top of their list of considerations?
As some of this information will be commercially sensitive, be clear what information to disclose to prospective buyers, and when to do it.

Most, perhaps all, of the following seven "How?" questions will be going through a buyer’s mind:

1.How long has the business been trading?

2.How attractive is the market for your product or service?

3.How well are the current owners and the team competing in this market?

4.How much profit or income, or both, is the business generating now?

5.How can I use my skills and experience to improve my income from this business?

6.How much will the capital value of the business increase if I just run it and then sell it, or if I choose to make further capital investments to improve it?

7.How does this business compare overall in value and potential with the other alternatives I could buy?

Two things Business owners need to consider when considering whether or not to have an exit plan is
1.Do something
 or
2. Do nothing


If they decide to do nothing, then when retirement comes, then they close the doors of the business, walk away and endeavour to live on the pension.

However if they decide to do something then they will have a business that will be attractive to a buyer, will sell at the best price and then they will have the funds to continue to live the lifestyle that they have been accustomed to.


​You may not be interested in selling now, But, Now is the time to start the process to protect your future.

 Call 0408 425 379 or send an email to Lance@trustedfinancialhelp.com