EXIT—Stage LEFT? or Stage RIGHT?
How many "Boomer" business owners out there wish they would have sold their company a few years before the Great Recession?
This past year I attended, for the first time, a seminar on Mergers and Acquisitions, as I wanted to gain knowledge in the steps/processes of buying and selling businesses.
As with all seminars, Webinars, podcasts and books, you always take away a nugget that will help you in your business and in your life. The nugget I got from the speaker of this seminar was, that he said, "The same day you acquire or start a business, should be the same day you start preparing an EXIT PLAN."
Philip Beyer, founder/president of Ebiz Products LLC and founder of Beyer Printing Inc. in Nashville Tenn., is a chronic entrepreneur, business systems analyst and consultant. Author of "System Busters: How to Stop Them in Your Business" and recipient of an InterTech Technology Award for the design and development of System100 business process management software. Beyer speaks to business owners across the country on how to bring lean, sustainable order to their businesses. Contact him at (615) 425-2652.
