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Future Vision and Happy Exits - Part I

We all strive to have a happy, healthy family and work we find fulfilling. You’ve done your best to build this for yourself and your company reflects your work ethic. You’ve got a stable group of clients serviced by expert technicians that know they’re way around their equipment. You go to work every day and enjoy it. Helping your staff grow in their roles and feed their families. More importantly for your business, you help your consumers recover after disaster, whether it is man-made or natural.

But let’s take a closer look at you and your role. How does it relate to your life? Are you able to take advantage of the things you want to? If not, are you prepared (or nearly prepared) to make a clean exit from your business. Ask yourself the same question as above - are you ready to make a happy, fulfilling exit from your company or are you going to crash out with no plan?

Happy exits occur when they’re planned. And we’re not talking about thinking a few weeks out from your retirement. I mean planning ahead several business cycles - often years in advance for your clean, and hopefully lucrative, exit from your business. So how can you plan for a happy exit?

There are lots of things that need to get done for a happy exit but there are two things that will make your happy exit more lucrative, easier and better for all concerned, buyers, sellers, and staff.

Topics: Insider, value, work/life balance

Gokul Padmanabhan

Written by Gokul Padmanabhan

Gokul Padmanabhan has devoted the past 15 years to buying and selling businesses, much of that in the restoration industry. His partnership with RESCON Business Brokers strengthens his hands-on expertise with a national presence and infrastructure that is second to none.

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