So you have just started your business –  why would you want to look at exit planning?

Well, the more you focus on having a great exit plan, the more profitable and successful your business will be.  A good business plan is a long-term plan, with both a start and a finish. By planning your business exit strategy before you begin (or at least early!) your journey will be more rewarding, and your business better equipped to deal with future challenges. You will be building value into your business right from the start.

Peter Hickey, the President of The Institute of Advisors and founder of MAUS Business Systems, shares his wealth of knowledge on business planning and exit planning.

Peter asks business owners to answer some important questions like:

  • Is your business reliant on one key person?
  • Do you have your business systems and processes written down?
  • Do you have a business plan that includes regular check ins and accountability?

Here are the links to services and tools mentioned by Peter:
Professional business advisors – The Institute of Advisors
Exit Readiness Attractiveness Diagnostic
Personal Exit Readiness Diagnostic
Pretium Solutions’ Exit Readiness services
Blog Before you start your new business, think about your exit strategy
Blog Thinking of selling? Maximise the value of your small business with an exit plan