5 reasons why you need to have a clear exit strategy Every entrepreneur has a different definition of success, but most of them would agree that a successful business is one that can generate consistent profits over the long term. While starting a business is…
Emotional preparation for exiting your business One of the most important emotional preparation considerations when exiting your business is learning to emotionally detach from the company. For many entrepreneurs, their business is a huge part of their identity and letting go can be difficult. This…
5 legal and tax implications of your exit strategy One of the first legal considerations when planning an exit is the structure of the business. Different business structures, such as sole proprietorship, partnership, corporation, or LLC, have different implications. It’s important to understand the implications…
5 considerations when valuing your business One of the most important considerations in valuing a business is analysing the company’s financial statements. This includes reviewing income statements, balance sheets, and cash flow statements. These documents provide a clear picture of the company’s financial performance and…
