What is your Exit Strategy? Many business owners go into business without really thinking about what they want to achieve as a result of their business. What usually happens is the business becomes a tedious JOB for the business owner.
Why is this so? The lack of a strategic objective with a timeline attached is much like jumping into a New York cab and telling the driver to just drive. Without no direction or destination, the driver will have absolutely no clue where you wish to go, not to mention when you need to be there. While this sounds crazy, this is actually happening in many businesses, possibly even yours!
Exit Stategy Scenarios:
- Sell It – You can sell the business for a tidy sum to a person interested in running an already profitable business without having to build one.
- Be Acquired – Cash out of your business by selling it to a bigger industry player or a business which desires to add a complementary set of products or services to their existing business without the trouble of building it from scratch.
- Go Public -Another way of cashing out of your business without relinquishing control it is to go for the IPO.
- Enjoy It – Use the fruits of your labor to create the dream lifestyle you always wanted.
In order for a business to realize its full value, you as the business owner must ensure one thing… It must run on AUTOPILOT!
A business becomes immensely valuable to a potential investor or buyer if it can grow despite the business owner being around to run it.
We have the know-how to transform a business that needs the business owner to one that requires very little of the business owner’s time to run on a regular basis. Focusing on building cashflow, team building, and systems, a business can begin to run on autopilot in as little as 6-9 months.