How To Write An Exit Strategy For A Business Plan

There are five main types of mergers: Your business might combine with another small business that sells completely different products, or you might combine two like businesses, depending on the business you merge with.

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An exit strategy is part of the business plan, which is a document every entrepreneur needs.

Exit strategies help business owners have an out if they want to retire, leave, or if the business fails.

He has been a manager and an auditor with Deloitte, a big 4 accountancy firm, and holds a BSc from Loughborough University.

Your excitement for starting your business or the success of your current one might make you think you will be an entrepreneur forever.He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries.He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own.Take a look at these exit strategies for entrepreneurs.A merger can occur when two businesses combine into one new business.Mergers increase your business’s value, which is why investors or shareholders like them.In order to go through with a merger as an exit strategy, you still need to be a part of the business.Exit strategies for small business help make sure you and your business are protected.When you create a business plan, include your small business exit strategy.All businesses have a life cycle, they start, grow, and mature, at which point a decision needs to be made about the direction the business will take.The exit strategy is an important part of the business plan, and to avoid costly mistakes and limited options in the future, the plan should be geared towards the exit-strategy from the beginning.

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