Why Business Owners Avoid Starting Their Exit Plan
Many entrepreneurs begin planning their exit too late, making the simultaneous achievement of their personal and professional goals impossible.
Many entrepreneurs begin planning their exit too late, making the simultaneous achievement of their personal and professional goals impossible.
A buy-sell agreement between business partners clearly stipulates how a significant event like death, disability, divorce, incompetency, bankruptcy, or departure of a partner will impact control and management of the business.
Most architecture firm owners don’t think about their exit until it’s far too late. You likely started your firm with a clear vision of the types of clients you hoped to work with and the type of work you wanted to do.
When setting up a business, entrepreneurs plan everything down to the smallest detail. However, too little attention is paid to a company’s exit planning.