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Why Does Every Business Owner

Need an Exit Plan?

Can’t you just focus on building and growing an excellent company, and the rest will take care of itself?

Ultimately, there are reasons why just building a strong business is not enough to be assured of a successful exit. These reason best explain why every business owner needs to create and follow an exit plan years before you intend to exit.

Let’s call the reason the “Unknown Destination Effect.” Imagine you’re out for drive, but don’t have a clear destination in mind. Without knowing where you want to end up, it’s impossible to know if the next left or right turn will eventually lead you to anywhere good.

Sometimes taking a drive on a beautiful day without a known destination can be fun. But when it comes to your business, generally you want to know where you are going. Leading your company without a clear set of exit goals is the same as driving around with an Unknown Destination. You end up making decisions without knowing if they will lead you anywhere good by the time you arrive at your future exit.

if your desired exit is five years or less from now, you already may be running short of time to implement certain tools and methods. Kindly click below to learn how you can maximise your investment for retirement

Benefits Of Planning An Exit Strategy

Provides a blueprint for success

If you don’t know where you’re going, you’ll never know when you get there. An exit strategy helps define success and provides a timetable for charting your progress.

Informs strategic decision-making

With no planned end game, it’s easy for business owners to get caught up more in the “job” they’ve given themselves rather than the long-term strategy behind running the business itself. An exit strategy keeps that endgame in view and can make day-to-day decisions more strategic in nature.

Enhances the value of the business

Value” is a relative term, so this doesn’t necessarily mean having an exit strategy will make a business worth more when it’s finally acquired or sold. Rather, having an exit strategy enhances the company’s value to the current owner since, ideally, they will be guiding it toward their own predetermined preferred conclusion.

Provides a flexible template

While your initial exit strategy will likely need to be adjusted over time as circumstances change, if it’s there from the start, it provides guidance and benchmarks to use should unexpected events occur.

Introducing Lance Rebetzke …

Here’s some Important Things You Should Know About Lance and How He Can Assist You…

Want BIG Vision; then try this; my mission is to arrange plans and help to ensure that people will in fact retire with the funds they need to continue a satisfactory lifestyle. This is my vision and as I speak to clients in my Enthusiastic and Enjoyable style, I take another step toward my goal.

He has had 40 years of experience in the Financial Services Industry which means that you are working with someone who has been part of many successful plans.

Recently moved from Brisbane to Adelaide with the family, and believes that this is an opportunity for Local people to benefit from his experiences..

Lance has been a Queensland Justice of the Peace for 30 years.