• Improve the chances of success
• Lessen the time required to exit and
• Increase your ultimate exit valuation.
This holds true, especially in current times as we see many companies exiting the market within 2-3 years of their start up as exiting seems a very attractive and profitable option. Flicker was not even 2 years old when it was sold off for $30 million and Club Penguin got sold off when it was just 2 for $350 million and the same goes for YouTube that was sold at a price of $1.6 billion at the age of 2.
But this is always not the case and many a times, a business needs for than 3 or 4 years for an optimum and profitable exit. But this does not reduce the importance of having a good business exit plan and working on it to make it better till the company is actually sold.
Selling your business should be taken as another business process like product development, marketing campaign or anything else. And the difference lies in the fact that, by selling your business, you will get to make more money than any other business processes and it is not only because of the fact that exiting means monetizing all the investments and work that went in building up the company. Design and proper execution of the exit strategy also matters a lot and can increase the value of your business by more than 50%. And that is why exiting a business is the most lucrative business process and hence, while planning your business objectives and plans, make sure you plan your exit strategy as well.
If you are interested you can visit at http://www.businesshunters.co.za/ .
