I’m going to ask you the elephant in the room question right now; do you still love running your business? And if not, do you have an Exit Strategy?
Exit Strategy is one of those things we small & medium size business owners may not have thought about before. But life happens. It could be a Pandemic, a shift in life-goals, a health issue, or just a good old-fashioned retirement - but it at some point you’ll need to ask, “What do I do with what I’ve built? Does it have a cash-out value? And does that value match the price tag someone else is be willing to pay for it?
We ask this question because whether or not we have any intention to leave our company - THIS single exercise - of planning for an exit can actually ensure that you come out of 2021 stronger, make running your business easier, set you up for being able to sell in the future or just put you back into more of a flow state for when we return to business as usual.
This episode of Emerging Texas Strong is sponsored by Texas Mutual Insurance Company, a leading worker's comp provider in Texas, and is a production of Earnest Media. If you are interested in sponsoring a heartful podcast focused on the journey of Texas business owners for a focused market audience email, [email protected]
---
Support this podcast: https://anchor.fm/earnestmedia/support