Shaz discusses exit planning, and how it is one of the most important parts of not just closing out your time in a business, but also one of the fundamental parts of setting up a business at the beginning.

KEY TAKEAWAYS

• Exit planning is the act of thinking about how we will move on from what we are doing. This means setting in place a time frame, and a methodology for doing so.
• Many do not consider the perfect exit, because it seems so far away. However, if you have the end goal in mind from the beginning, you can better shape the future for yourself.
• Designing the perfect exit means learning how to maximise the value of your business, eliminate the parts that don't work, and ensure that it can be a profitable concern for someone else, going forward.

BEST MOMENTS

'How do I now pass this on to the next generation?'

'It's a bit like handing your notice in'

'How do we strategically get to the end goal that we set in the leanest, quickest, best way possible'

VALUABLE RESOURCES

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ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

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•   YouTube.