An important planning dimension to selling your business
If you’re thinking of one day selling your business to a third party, ask yourself this question. Am I currently working a plan that will ensure that in addition to my company being ready, I will also be personally ready?
Business owners and CEO’s often do most of their thinking related to their company exit readiness but where their planning often falls short relates to their personal readiness. Their personal readiness means personal financial readiness and their personal mental state readiness to separate from their business and pursue something else in their life.
Watch this short video (Ownership Exit Triangle) that will help you give thought to what we call the Ownership Exit Triangle. This video will facilitate your thinking around a critical dimension of effective exit planning.