Comments on: Boomer Business Owners: Do you have an exit plan?

By: Exit Plans for a Small Business…Whether Successful or Failing

Exit Plans for a Small Business…Whether Successful or Failing — Thu, 27 Aug 2009 16:55:25 +0000

[...] response to Jean Murray’s former post on this blog, Do You Have an Exit Plan?, a reader gave some [...]

By: Mary Emma Allen

Mary Emma Allen — Thu, 27 Aug 2009 15:09:47 +0000

Thanks, Doug, for stopping Small Business Boomers and giving us your tips for an exit strategy. Some good ones to consider.

By: doug ortega

doug ortega — Mon, 24 Aug 2009 02:06:08 +0000

Not having an exit plan is like jumping from an airplane without a parachute (usually not a good outcome). There are specific things that owners can do to maximize the value of their business and reduce risks, and taxes when they exit. But it requires planning ahead. Owners who have an exit plan will always have a better landing than those who do not plan. It is a fact that every owner will transition out of their business in one of five ways; 1) sell to a 3rd party 2) transfer the business to insiders (family or key employees) 3) die 4) become disabled 5) liquidate (out of business). Hire a professional to help create your plan and exucute the plan for a better outcome!!