With the new year upon us, many people have begun their journeys to fulfill their New Year’s resolutions.
For business owners, it’s no different.
Between creating goals for the business to achieve and assuring that the business keeps growing, owners will have much to consider this year. One of the goals most commonly shared by owners is to successfully exit their businesses over the next 10 years. Most business owners have a sense of how much longer they want to remain as owners of their businesses, and the new year is a perfect time to take control of the planning that can make the future successful.
In our experience, it usually takes a typical owner of a small to medium-sized business 5–10 years to implement an exit plan. That means that for many owners looking to exit their businesses within the next five to 10 years, their best chance at a successful business exit begins today.
As owners set out to begin creating a written exit plan, they may want to know that the most successful owners tend to establish their goals before they begin implementing a process.
There are usually three types of goals that we see owners set as they begin the process behind their business exits:
© Copyright 2018 Business Enterprise Institute, Inc. All Rights ReservedAs a member of the Business Enterprise Institute (BEI), Cornerstone Business Advisors is an authorized distributor of BEI’s content and Exit Planning Tools.
Group Planning Indoor Skydiving Facility On Eastwood Announces Updates
Staff Reports - Mar 21, 2023
Possible Writers Strike Could Be Felt In Wilmington Film Scene
Jenny Callison - Mar 20, 2023
Former County Commissioner Woody White Appointed To UNC System Board
Jenny Callison - Mar 22, 2023
City Takes Next Steps Toward Possible Purchase Of Thermo Fisher Building
Staff Reports - Mar 22, 2023
Oklahoma Onion Burgers Planned For The Pointe
Miriah Hamrick - Mar 22, 2023
Book and media recommendations from Info Junkie Hoop Morgan, founder of The Forte Institute....
Brunswick County property owners have received their new tax values as a result of this year’s required revaluation process....
This spring, new TV advertisements for Brunswick County’s island beaches will run in markets across the mid-Atlantic region, including citie...
The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.