Most business owners do not think about retiring when they start their business. Years of effort are put into building and expanding through good and bad times. So now what?
72% of small business owners do not have an exit plan, while 54% plan to leave within 10 years, according to a 2016 study.(1) Exiting requires your business to survive without the most-dependable element it has had until now – YOU! The discount rate in a sale that lacks solid management and systems can be more than 70%, meaning you may only realize 30 cents per dollar of value unless you have a solid exit plan.
Cloud10 Strategies can work with you on any timeline – 1 year or 10 years – to ensure you have systems in place that create value instead of draining it. Our team of experts and network of affiliated professionals can guide you through the process to fix weaknesses and build on strengths to maximize the value and sale-ability of your business. Contact us to find out how we can help you today.
(1) Securian Financial Survey of Small Businesses, 2016. Forbes.com.