Do you know what your business is worth? Knowledge of value may be required for multiple reasons which include exit, sale of business, estate, divorce and tax basis.
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This is the fourth part of the Planning Your Exit series in which this article focuses on Business Exit Finances.
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This is the third part of the Planning Your Exit series in which this article focuses on exiting through Sale of Business To an Outsider.
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This is the second part of the Planning Your Exit series in which this article focuses on exiting by Transferring Ownership or Selling Internally.
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The primary purpose of an exit plan is to optimize the value of the business at the time of exit, minimize the amount of taxes to be paid, and ensure that the defined personal and financial goals of the owner can be accomplished.
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Completion of these 7 tasks best assures successful business plan usage.
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To the entrepreneur, business can be viewed as a serious and rewarding game. With a defined game, strategy, team, manager, and overachieving, success will come to those who play the game to win.
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The basics of small business growth are often overlooked. It begins with the vision, skills and energies of an entrepreneur. Over time, it evolves. A concept slowly develops into a vibrant venture with its own life.
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No entrepreneurial process is more important than identifying, tracking and acting upon the critical few. Prioritize three to four actions that are most important to focus on.
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