Exit Strategy

What is an exit strategy?
An Exit Plan is one of the most important tools you should have in your business. It’s a plan that considers your future desires and ensures that you remain focused on achieving those goals whilst removing you from the business. Some well organized business owners have an Exit Strategy as part of their business plan and make no secret about achieving this goal.
A good Exit Plan enables a smooth transition with less likelihood of disruption to the operation. By planning your exit well in advance you can maximize the value of your business and enable it to meet your future needs.
An Exiting Strategy or a Succession Strategy is a multi-faceted process that includes an analysis of your business, a valuation of your business, the preparation of your business for sale, setting a realistic time frame and many other considerations.

What is involved in an exit strategy?
The Exit Strategy is all about preparing your business for the eventual sale of your business on your terms therefore it is important to prepare it in such a manner which is attractive to a wider range of potential buyers. It is believed that you should start planning your exit strategy from day one, it should form part of your business plan and be the underlying force which guides the processes of how you operate your business.