FAIR DEBT: PLANNING YOUR PIVOT
You’ve worked hard to build and guide your business throughout its life, you should have a plan that guides it to a conclusion.
A business exit strategy is a plan for what will happen when you want to leave your business and outlines the form that the transition will take.
“Begin with the end in mind” is important in life and business, because your exit is inevitable. The day will come when it’s time to move on. Having a plan in place will help you sleep better, and ensure your legacy will move in the direction you have in mind.
Marcus Aurelius said “You could leave life right now. Let that determine what you do and say and think.” Having a plan guides you toward your goals and can help guide you as your business evolves.
As you think about your business exit strategy there are many considerations.
How much is my business worth?
What information will buyers request?
What steps can I take now to better position my business?
In this episode, we’re going to answer these questions and many more with Guest Michael Lamm Co-Founder and Managing Partner at Corporate Advisory Solutions, LLC