There is an old saying that the best time to plant a tree is thirty years ago, and the second best time is now. When it comes to planning one’s exit, the second best time to begin is now.
There are two reasons planning exit needs to start now. First, if you have not established clear exit goals and objectives, then it’s impossible to know if the business decisions you make today will help or hurt your exit success. Second, many of the business, financial, accounting, tax, and legal tactics that can enhance your success at exit take years to implement and reach their full effectiveness. The less time you have to prepare for exit, the lesser your results may be.
The following educational resources will help you explore and understand how and why to begin your exit planning now.