Business Owners: Thinking about starting your exit strategy in 2011?

24-Mar-2011 | News-Press Release

Media Advisory Contract: Claire Burgess, PR First, 781-871-7280

Chelmsford, MA, March 23, 2011……If you are thinking about starting your exit planning in 2011, here are some ideas to think about from Bob O'Hara, CPA, PFS, MST, CExP, the owner of O'Hara & Company and creator of an educational website for business owners ( www.exitplanning-edu.com ):

 

•     What are your goals for you & your business? What do you want to accomplish personally and what would you like to see your business achieve?

 

•     Know what the value of your business is today & why your business is worth what it is. An independent valuation assessment at the start of your      planning will put a stake in the ground for your future planning.

 

•     What do you need to put in place to make your business independent of you?

 

•     Identify the additional systems & processes that need to be put in place for the business succeed in your absence.

 

•     How long do you want to be involved in the business?

 

•     What type of involvement do you want to have in your business?

 

•     Identify the key employees that can run the business in your absence.

 

•     Start to put together a team of advisors that will help you through the process.

 

•     Assess your ability to be financially independent of your business.

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You will find Bob to be an excellent source on this subject. You may place his information above or contact me directly to arrange an article submission, interview or written response from Mr. Bob O'Hara.

Best,

Claire Burgess

 

 

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