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 Reserved
As a member of the Business Enterprise Institute (BEI), Cornerstone Business Advisors is an authorized distributor of BEI’s content and Exit Planning Tools.
New Hotel Proposed Along Market Street In Ogden
Emma Dill
-
Mar 15, 2024
|
|
Businesses Reopen A Week After Grace Street Facade Collapse
Emma Dill
-
Mar 15, 2024
|
|
Tech Upskilling Cohort To Host First Wilmington Class
Audrey Elsberry
-
Mar 15, 2024
|
Pender County Manager David Andrews is slated to retire this summer after 33 years in local government....
A shortage of cybersecurity professionals influenced professor Ulku Clark and her team to slowly evolve UNCW’s offerings to now include eigh...
The planning for Pender Commerce Park began in the early 2000s when the county wanted to create an economic driver on its largely rural west...
The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.