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Aug 30, 201710:41 PMExit Stage Right

with Martha Sullivan

How to exit stage ‘right’ on your business

(page 2 of 2)

Approximately half of all business transitions are forced. One of the “five D’s” — death, disability, divorce, disagreement, or distress — strikes and control over the timing of the transition is lost. Then there isn’t the luxury of time to fix the business and get top dollar. It simply is what it is. Money is left on the table, assuming the business can be sold at all. It’s a fire drill and people get hurt at a time when there’s likely already enough stress in life.

We all understand that you never know when one of these demons will call. Smart owners prepare for this. They commit to understanding not only what makes the company money but also what creates value in the business — every day. From its inception, a business should “always be for sale.” Your exit planning isn’t an event; it’s your lifelong commitment to solid business strategy and sustainability.

Is it time for you to make that commitment, write your own script, and create your own “exit stage right”?

Today is a good day!

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Sep 1, 2017 10:19 am
 Posted by  Steve Sprindis

Nice article Martha. Thanks for the insight.

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About This Blog

Spending half her career as an advisor to privately-held and family businesses and the other half in CFO/COO roles, Martha Sullivan is a partner and the succession planning practice leader in the business transition strategies group at Honkamp, Krueger & Co., P.C. She and her team have extensive experience assisting business owners achieve their personal, business, and transition goals. “Don’t think of the 'exit' from your business like it’s a four-letter word. Make it your next adventure!”

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