Financial Focus

How can business owners plan for an exit?

 

January 25, 2024



If you’re a business owner, you always have a lot to do and a lot to think about. But have you put much thought into how you’ll eventually leave it all behind?

Even if you’re a few years away from that day, it’s a good idea to create an exit strategy. If you’re like most other owners, most of your net worth may well be tied up in your business — so how you exit that business can have a big impact on your finances and your retirement.

As you begin the exit strategy process, you’ll need to examine some basic questions, such as how much you want for your business and how much it’s worth. But you’...



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