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.