Build a business exit plan into their early planning process

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Reference no: EM132173620

Assignment -

All good business planning documents have a clear business exit plan that outlines your most likely exit strategy from day one.

It may seem odd to develop a business exit plan this soon, to anticipate the day you'll leave your business, but potential investors will want to know your long-term plans. Your exit plans need to be clear in your mind because they will dictate how you operate the company.

For example, if you plan to get listed on the stock market, you'll want to follow certain accounting regulations from day one that'd otherwise be non-essential and potentially cost prohibitive if your ambitions are to quickly sell the company to a more established competitor in your industry. If you plan to pass the business to your children, you'll need to start training them at a certain point and get them invested in the company from an early age.

Here's a look at some of the attached strategies for entrepreneurs who want to build a business exit plan into their early planning process.

Attachment:- Assignment Files.rar

Reference no: EM132173620

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