Share

5 Tips for exit strategy for small businesses

<p>1 PLAN YOUR EXIT when you start the business. Will you sell your company, pass it on to children or take it public? </p>
<p>2 TAKE TIME TO understand how your chosen exit affects business planning. For example, will family members need to be trained to replace you? </p>
<p>3 CONSIDER THE COST of each strategy: loss of the ability to keep financial information private if you sell or go public, for example. </p>
<p>4 BE AWARE your investors will have their own exit strategies. Be prepared to discuss their desired timetable for exiting your business, how they see it happening and their expected return on investment. </p>
<p>5 PLAN WELL AHEAD for a satisfying life when you leave your current business. Consider starting another business, teaching, volunteering - or becoming a philanthropist. </p>
<p>Source: www.score.org

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.92
+0.1%
Rand - Pound
23.88
+0.1%
Rand - Euro
20.38
+0.2%
Rand - Aus dollar
12.32
+0.2%
Rand - Yen
0.13
+0.1%
Platinum
908.05
+1.2%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders