Written By: Stephen Reisler
It may seem counterintuitive to joke about throwing in the towel with the business success you’ve enjoyed thus far, but the truth is that not every business is able to succeed forever. So many business owners seek the advice of others on how to try harder, work smarter, or to do things differently in order that their businesses remain resilient and are more relevant.
Stephen Reisler, BusinessExit.com
What happens to your business tomorrow if something were to happen to you today? Life happens and we cannot stop it – accidents, sickness, disease, and death happens daily. None of us are protected against ‘life’ but you can take the necessary steps to protect the business by creating a documented CONTINUITY PLAN.
Terry Shepherd, BusinessExit.com
According to Chris George from George & Company, an intermediary located in Worcester, less than 10 percent of business owners who contact his company have sufficiently planned ahead. The contact is usually spurred by an event, such as death, illness, partner disagreement, etc. His experience is pretty consistent with national surveys our company has conducted over the years.