What is your exit strategy?
You can’t operate your business forever. Take a moment to get comfortable with that. Now, you have to make a decision. What is your exit strategy? Here are your options:
This option is not recommended.
2. Sell your business
This can be a great option. However, if this is your strategy, you will need to plan several years ahead of the anticipated sell date.
3. Close your business
Why would you work hard and put your blood, sweat and tears into your business only to close it?
4. Go out of business
This option is not recommended. Going out of business is a terrible plan, which is why when it happens, it is because no plans were made.
5. Make your business a generational money machine for future generations
We love this option. However, in order to create this generational money machine, we have to first transform you into a Financially Fierce CEO.