This is a great way to live, to plan and to set up a business. For a business its the exit strategy. Whether the plan is to sell while still living or keep the business for as long as you live, an exit strategy sharpens your focus and leads to better decisions in the business and planning around the business.
Here are some helpful tips from a CEO who has bought and sold several businesses, both large and small, under her leadership. As the founder, CEO, and President of Midi’s she led the company’s sales from $2 million in 2004 to over $20 million in 2006. The company was acquired in January, 2007 by SAI Global.