Surprisingly few business owners give this much thought. But given your business will demand years or even decades of your total commitment, what commitment does your business guarantee for you?
Whether or not you will get what you deserve for your efforts will directly depend on how you structure your business for growth and eventual exit.
Sadly most business growth plans don’t include exit plans. That’s because business owners don’t know when they are going to seek an exit, or simply don’t think about it.
The good news is that the ideal business plan for sustained growth is the same one that enables you to maximise your wealth on exit, whenever that is – planned or unexpected.
Richard Wright is a Director of Prepare To Sell Ltd, helping re-engineer businesses to deliver sustainable growth and increase their value in preparation for sale.