Effective exit planning is essential for a smooth leadership transition, avoiding common mistakes like neglecting stakeholders, undervaluing the business, and delaying departure.
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Here are five smart strategies that can help you emotionally prepare for your exit.
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Succession planning is crucial for ensuring a smooth leadership transition, preserving the company’s legacy, and preparing for unexpected changes.
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Exit planning should be a key part of your business strategy from the start, as early preparation maximizes value and ensures a smooth transition when the time comes to sell.
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After all the hard work that goes into starting and maintaining a business, deciding years later to sell that business can be among the biggest challenges in a CEO or business owner’s career. Here’s how to fully prepare yourself and your company for the challenge ahead.
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Selling a business is often a complicated process. One complicating factor for any CEO or business owner is determining what to tell employees about the pending sale, as well as when and how much.
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For business owners who have spent their lives building a business, retiring may not be an easy prospect.
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