In “The 7 Habits of Highly Effective People” the late Stephen Covey suggested that the effective person “begins with the end in mind.” If you’ve already begun in terms of having started a business or bought one or having a significant stake in one, it’s not too late to think about how you want it to end.
Vistage Speaker and Exit Planning Expert Patrick Ungashick provides a useful overview of the various ways owners monetize the value they’ve created and warns that you have to be ready before the buyers start knocking on the door. Find out in his blog post “Why There are Only Four Exit Strategies and the Danger of Not Knowing Yours.)
