Why You Need an Exit Strategy for Your Business - even a consultant needs a strategy!
Why You Need an Exit Strategy for Your Business
What are your long-term and short-term goals for your business? Veteran entrepreneur Celeste Hilling, CEO and founder of 10-year-old lifestyle company Skin Authority, stumped me with this question a few weeks ago, but she definitely left me with something to think about. When I started Deborah Mitchell Media Associates a few years ago, I was primarily concerned about getting it up and running, but Hilling explained that an exit strategy should be a part of every business plan. "At the start of your venture, have a plan for how you want to exit or transition from the business. This will help you be clear in your focus, share a clear vision for your staff and navigate times when you are confused," Hilling says. "You can use the end game as...Read Moreaccountantvip