| |
Planning Your Exit Strategy
Sell? Lease? Rent? What's best for you when considering exit
strategies? How you move on in life -- and how you maintain
lifestyle-- is just as challenging as growth has ever been. Do you
have a plan? Have you considered selling it all? Can you afford
to? When is the best time to sell? What about selling part of
it? Does it make sense to maintain ownership but turn management
over to your children, other family members, key executives or
maybe all the employees? What about bringing in new talent to run
the company for the next few years with a future option to purchase
it? How about bringing new talent in without a purchase option but
with big monetary incentives? Is your business a good candidate
for annuitization? There are many options beyond merely selling,
options you might feel better about. Are you looking at all your
options? Remember NEXT COUNTS.
The time to start thinking about the questions above is anywhere
from 3 to 10 years BEFORE you expect any changes to be implemented,
and that's presuming you don't get sick or disabled. Don't leave
your future to chance. The people who can help you answer the
questions are your succession consultant, your accountant, your tax
advisor, your financial planner and your attorney.
|
|