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Exit Objectives
The first step in developing an Exit Plan involves identifying owner Objectives. Owner Objectives can take many forms but most commonly include legacy concerns, taking care of key employees and stakeholders, fulfilling commitments to family, and satisfying the owner's financial plan.
It is not unusual for an owner to want to continue working indefinitely which is why developing wealth outside the business is so important.
When first considering the timing of your Exit Plan from your business,
one of two factors come into play: 'Pick Your Date or Pick Your Value'
(Watch the short video below.)
We encourage you to frame a 5-year window, and if the value you need to satisfy your financial plan is available, take the money and retire.
The 2% Club
The Five Foundations of Financially Successful Small Business Owners: The 2% Club
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