Last week, I addressed a group of 100 business owners on exit planning strategy. The first question that they asked me was the one I get from owners every single time. It’s “What’s the most optimal timing to start the process of exit planning?” I gave the questioner the conventional, “It depends” answer. Each owner and business has unique needs and end goals that need to be taken into consideration. Despite multiple misc situations on the table, let me offer a plausible timeline and a checklist. Now is really when the process should begin, but this checklist will help narrow the range a bit. “Now” is really when the process should begin, but this checklist will help narrow the range a bit.Last week, I addressed a group of 100 business owners on exit planning strategy. The first question that they asked me was the one I get from owners every single time. It’s “What’s the most optimal timing to start the process of exit planning?” I gave the questioner the conventional, “It depends” answer. Each owner and business has unique needs and end goals that need to be taken into consideration. Despite multiple misc situations on the table, let me offer a plausible timeline and a checklist. Now is really when the process should begin, but this checklist will help narrow the range a bit. “Now” is really when the process should begin, but this checklist will help narrow the range a bit.
