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Top exit planning considerations for a business owner
As a business owner, you've dedicated years of hard work, innovation, and passion to build your company. At some point, you'll likely face the important decision of exiting your business, whether through a sale, succession, or other means. Proper exit planning is essential to ensure a smooth transition and to maximize the value of your business.

The time to plan is now.  Whether you own a startup or an established business, the earlier you begin, the more options you have, and the better prepared you'll be.   Furthermore, you will be prepared in the event circumstances change and the opportunity or need for an exit happens sooner than expected.

What are your goals?  Define your goals and what you want to achieve with the exit.  Having an end in mind is instrumental to achieving what you want to accomplish, and that is especially true in planning the eventual transition of your ownership through a sale or transferring to the next generation.   Your objectives might include financial targets, legacy considerations, or personal retirement goals.

What and who do you need to accomplish your goals?   Developing and executing an exit plan will require a team of professionals to assess your situation to explore various options and help create a plan that will achieve a successful exit.   However, a plan is only as good as the execution of the plan.  A disciplined approach is critical to implementing an expertly created exit plan.

In summary, the time to start an exit planning is now.  A successful exit plan involves defining the goals, including the appropriate experts, and executing the plan with discipline.
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