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Category: Exit Planning

Planning for the End

I am often asked “Is it pessimistic to plan for the end of my business when it is just starting?”  The simple answer is No.  The failure to plan for the future generally leads to a more costly termination or a lower sales price when the time comes to end the business.  A new business owner cannot know where the business will eventually end up, but planning for basic contingencies can prevent later problems.  Additionally, while discussing and planning is important, those conversations are lost without committing those plans in writing and having them signed by the relevant participants.  Some of the basic contingencies to consider discussing and including in […]