Why Delaying Your Exit Strategy Will Come Back To Bite You
There is a price to procrastination.
Especially when it comes to having a robust exit strategy.
It does seem like more business owners who are thinking about an exit in the next 2–3 years are also thinking they should have an exit strategy.
Better late than never, but it’s still too late.
An exit strategy is NOT about preparing to sell your business.
It’s about having a plan to create the most valuable company possible — and a clear pathway to a future profitable exit.
But how can you maximise value within your business if you don’t know how ‘the market’ values your business?
Not having a plan to create a highly valuable business (beyond just increasing sales and profit year-over-year) comes at a cost.
That cost can be counted in money left on the table from a lower valuation — and in the number of years lost just slogging it out.
So if you’ve procrastinated on your exit strategy, consider the impact on your business’s current value, not just your future ability to exit.
#NextLevelGrowth #ExitStrategy #M&A #ExitLaunchpad
