Wednesday, January 7, 2009
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succession
strategy & growth
  Planning Your Exit Strategy

Sell? Lease? Rent? What's best for you when considering exit strategies? How you move on in life -- and how you maintain lifestyle-- is just as challenging as growth has ever been. Do you have a plan? Have you considered selling it all? Can you afford to? When is the best time to sell? What about selling part of it? Does it make sense to maintain ownership but turn management over to your children, other family members, key executives or maybe all the employees? What about bringing in new talent to run the company for the next few years with a future option to purchase it? How about bringing new talent in without a purchase option but with big monetary incentives? Is your business a good candidate for annuitization? There are many options beyond merely selling, options you might feel better about. Are you looking at all your options? Remember NEXT COUNTS.

The time to start thinking about the questions above is anywhere from 3 to 10 years BEFORE you expect any changes to be implemented, and that's presuming you don't get sick or disabled. Don't leave your future to chance. The people who can help you answer the questions are your succession consultant, your accountant, your tax advisor, your financial planner and your attorney.


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