What is Exit Planning? Why do you need it? (EP1)
Three out of four business owners admit they are too busy running their company to devise and implement an exit plan. That can be a dangerous gamble with your financial future. 80% of small businesses listed for sale in the United States do not sell and only 30% of family businesses successfully transition to the next generation. An exit plan is more than simply circling a retirement date on the calendar; it is creating a strategic plan that helps a business owner successfully exit their company. In this episode Gower Idrees, CEO of RareBrain, explains the elements that comprise the most effective exit plans, how exit plans differ from estate planning, and the top benefits of establishing an exit plan.
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