Consequences of Not Planning Your Exit

The failure to create a well-defined exit or transition plan virtually guarantees that business owners will:

1. Exit their companies as a result of pressure from outside circumstances, not as a result of their own desires.
2. Exit their companies on a timetable that's forced on them instead of one that meets their needs.
3. Undervalue their companies and leave hard-earned wealth on the table
4. Pay too much in taxes
5. Lose control over the process by being reactive and limiting their exit options
6. Fail to realize all their business and personal goals
7. Suffer unnecessary psychological stress
8. Watch a lifetime of work disintegrate as a result of poor business continuity planning
9. Lose confidentiality during the sale or exit process