Exit Plan
There comes a time for every business owner to look at his or her Exit Plan, when and how to leave their business. When creating an Exit Plan and do so in the best financial situation as possible, one must consider several questions:
- Have you developed 2/3rds of your wealth outside your business?
- Have you developed a financial valuation in Exit Planning?
- How are you going to handle Net Proceeds?
- What Compensation Planning are you considering?
- What form of taxation might there be?
- And if you don’t leave – how will you stay focused on financial security?
