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 Founder’s Corner Summer 2010 June 2010 Closing Your Business – A Battle of Head and Heart I heard an interesting quote once. “People run a business like they watch a movie… not knowing how it will end.” That’s a jolting statement. In helping entrepreneurs develop Business Plans, we ask about their Exit Strategy, very few have even considered it. What we emphasize is that you will undoubtedly leave your business one day. One day, you personally, or your product, or your market, or industry will be obsolete – Why not prepare? Build your business such that the proceeds from the sale will be sufficient enough to cover your expenses and future obligations. When you sell out of necessity due to lack of revenue or other conflict, you may make decisions that are not ideal. Let’s face it, sometimes this is just the case and you have to deal with it. Illness, burnout, and partnership termination are all legitimate reasons, but your Exit Strategy planning makes a difference in making deliberate and profitable decisions or unfavorably shooting from the hip. There are the practical tasks to complete the process, but there is also emotional preparation. Finish Reading.... http://www.orossenterprises.com/blog.html
Warm regards, Oriel Ross, Director
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