Succession and Exit
Begin with the end in mind – Your Wealth Magazine March (2011)
Everyone wants to make their business successful, the question is how to make a business successful. Begin with the end in mind is an overarching mindset that means every decision made can be mapped back to the end goal – selling your company successfully. There are an array of different exit options; from intergenerational hand-downs, to ESOPs, to IPOs. Each option requires its own strategy regarding internal and external factors, and thus every decision made within the business should closely match this strategy. Issues arise when owners become so entrenched within the day to day running of their business, they don’t allocate time to plan ahead.