5 timing considerations for planning to exit your business

• One of the most common reasons for business owners to exit their business is retirement. As business owners get older, they may no longer have the energy or desire to continue running their business. Exiting at the right time allows them to enjoy their retirement and leave their business in good hands.
• Another common reason for business owners to exit their business is health reasons. Running a business can be stressful, and if an owner’s health starts to deteriorate, it may be in their best interest to exit the business. This allows them to focus on their health and wellbeing.

• Business owners may also exit their business for financial reasons. This could be because the business is not performing as well as expected, or because the owner has other financial opportunities they wish to pursue. Exiting at the right time can help business owners avoid financial losses and pursue other financial opportunities.
• Business owners may also exit their business for personal reasons, such as wanting to spend more time with family or pursue other interests. Exiting at the right time allows them to focus on their personal priorities and goals.

• Finally, business owners may exit their business as part of succession planning. This is the process of passing ownership and control of the business to another person or group. Exiting at the right time allows business owners to ensure that their business is in good hands and will continue to thrive after they are gone.

Who is ActionCOACH’s Business Coach Mark Dilks?

Mark Dilks is an accomplished business leader, experienced coach, mentor and business builder. He supports business owners, executives and teams across Milton Keynes, Bedford, Northampton, Luton & Dunstable in all aspects of building profitable high growth businesses; from start-up phase all the way through to maturity and divestment. No matter what challenges you are facing, Mark will invariably have encountered a similar situation previously and will be able to support you to quickly and efficiently overcome your business hurdles by sharing examples of how other business have solved similar problems that you are experiencing. He is motivated, driven, tenacious and is able to get the very best out of all the resources available to his clients and to ensure that the maximum results possible are achieved.