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  The Building Blocks For Business Success - Volume 10: Exit
 
 
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The Building Blocks For Business Success

Volume 10: Exit

    Have a clear direction and plan for the company, then develop an action plan to achieve it in a specific period of time. Developing business and life plans will determine your direction. The majority of businesses operate without a plan. The majority of people operate without a plan. Imagine a professional football coach coming into the locker room Monday morning and telling his team, "We don't have a game plan this week for how we are going to play on Sunday." Could you imagine the Directors of Coca-Cola addressing their investors in a shareholder meeting with, "Sorry no plan this year?" How would their stock price react to that? Yet, businesses and people neglect this vital point everyday. Business owners in many cases, also neglect to write out their exit strategy for the business. What happens if you are not on this earth tomorrow? Do those around you know what to do with the business? Do you know why you are in business in the first place? Are you wanting to build a legacy for your family, go public or just run a small little shop? Without having an exit strategy, how will your employees be able to share in your vision?
 
 

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