By k | January 31, 2009 - 6:00 am - Posted in New Business Development

Remember the hours, days, months,
you spent drafting your
business start up plan?
Double that (at least)
for drafting your business exit plan.

In Existing Your Business, Protecting Your Wealth,
author John M. Leonetti estimates
that 85% of owner-operated business owners
only have one chance at a business exit.
One chance.
You blow it,
those hard years of business building
will be for nothing.

Think selling your business
is the ‘easy’ way out?
Leonetti shares that the average sale
(if successful - as few are)
takes 9 to 24 months.
2 years!

So research, plan, build your team,
cautiously execute,
and reap the rewards.

This entry was posted on Saturday, January 31st, 2009 at 6:00 am and is filed under New Business Development. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.