Home ▶ 83 – Why Every Business Needs an Exit Strategy

83 – Why Every Business Needs an Exit Strategy

June 07, 2022

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

Peter Hickey is the President of the Institute of Advisors, an organisation that runs certification courses for business advisors and accountants in 10 countries around the world. Peter was the original founder of MAUS Business Systems, a global Saas business software company and built an international consulting partner network.

He is a bestselling author and creator of a wide range of business tools that have been used in over 60,000 businesses around the world. He is a pioneer and SME thought leader continually innovating and producing simplified management content. As a business owner, Peter founded and successfully built MAUS from a one-man business to a multi-million dollar concern and sold it a multibillion dollar publisher….he then re-acquired the business 7 years later, consolidated the platform in a Saas platform and sold it to a private equity firm.

He wrote a number of bestselling books on Business Planning, Exit & Succession Planning and even a Mini MBA program. Peter has consulted with or trained thousands of businesses over 3 continents. He won the Ernst & Young NSW “Entrepreneur of the Year” award in 1999 and his company has won numerous business awards. His works have been recommended or used by over 30 tertiary educational institutions. He has been active in buying and selling businesses and has a passion for helping business owners and advisors achieve what he has achieved.

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83 – Why Every Business Needs an Exit Strategy

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

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: