Even if you've only begun to think about launching a business, it's not too early to plan your exit.
Koos Kruger, who advises business owners on transitions, explores the important steps you need to take throughout the life of your company to unlock its full value when it's time to make a transition.
In layman's terms, he outlines the pitfalls that come with exiting a business and what you can do to avoid them. Learn how to - assess your current situation; - determine what your business is worth and how to maximize its value; - evaluate whether the time is right to make a transition; - reduce uncertainty among staff and family members; and - minimize taxes and fees associated with a transition.
Exiting a business must be carefully orchestrated, planned, and organized-and it's critical to take steps to head in the right direction before you get to the final destination. You'll need time to execute your plan if you want to reap the rewards you deserve.
Change the way you look at the most valuable asset you own, and build a brighter future for yourself and your loved ones with the Business Exit Companion.
The Business Exit Companion is an informative and well set-out self-help book for the small or medium business owner. It is more than a retirement planner, in that it is more comprehensive in its scope, covering planning for yourself and your company. It is highly accessible - easy to read, with handy checklists at the end of each section. It assumes you are capable as a business owner in your sector, focusing on advice that everyone needs to consider and which is easily personalised to your circumstances. Can't wait to pass it on to family working on the farm.
I received this book as a Goodreads First Read in exchange for honest feedback.
Won this Through Goodreads First Read. Found this book well set out and easy to follow. The breakdown of subjects makes it simple to understand and absorb. Definitely brings up interesting topics and things to think about.