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How often do you ask your guests or
visitors something like: "I
don't wish to seem rude, but when
are you leaving?". It's
not a question of being rude, but of
being able to plan effectively for
the time they are with you.
The same rational applies to a
company's exit strategy - the sooner
you know the plan the more chance
you have of working effectively
towards achieving it.
Building a company is
like planning a journey – you need
to know where you are starting from,
where you want to get to and when
you want to get there. Only
then can you decide the means of transport and
the direction you will take. If,
for example, when you start your
business, you decide that your
preferred exit will be by trade sale
– this will influence the things
that you do and don’t do along the
way – it will help you to plan from
day one.
Even if you have planned your exit
strategy from the beginning,
the later stages of preparing or grooming your company
to make it an attractive proposition*
for potential buyers can take
anything up to 12 months so, leave
plenty of time.
*Ensuring a reliable, predictable
sales pipeline can be key.
Why not
now to discuss how
we can help you with planning and
implementing your exit strategy?
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