CHAPTER TEN
Managing your exit
In the thrill of launching and growing a business it can sometimes be hard to imagine how it will all end. Some business owners get quite cross when asked about their exit strategy –almost as though it’s somehow disloyal to think about it. However, as author Steven Covey writes in The 7 Habits of Highly Effective People (Simon & Schuster, 1989): ‘Always start with the end in mind.’
One very good reason for this is that it’s worth bearing in mind that the decisions made on day one can have huge implications down the line. Having an exit strategy will make a lot of those decisions easier.
In this chapter we’ll look at:
- why you shouldn’t get too attached to a business
- where to get professional advice
- exit strategies. ...
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