Tuesday, 15 November 2011
Picking An Exit Strategy That Is Best For You and Your Business
Once the chosen candidate is identified, the owner needs to determine the additional talents the replacement needs and come up with a plan to ensure they are developed. When the successor is close to being ready, it is often a good idea to give the “understudy” a “dress rehearsal”. For some owners, that can mean taking an extended vacation or beginning to work part-time. For the exiting owner, they may still need to call the office every day, but between their calls, the successor will be making all the decisions.
Do you have small business questions you would like answered about this article or others? Please visit www.VRWindsor.com or call 519-903-7807.
William Sivell is a sales representative of VR Windsor Inc., Business Brokerage; his blog appears every Tuesday.