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.
Ronen Shefer, BusinessExit.com
Ask yourself this question; If you decided to take six months off from the business – as opposed to the old “what happen if you get hit by a bus” question – can your business survive without you for an extended period of time? If your answer is Yes, congratulations! You have achieved something most business owners only dream about. If your answer is No however, you should consider implementing strategies to lessen the business dependency on you.
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.
The process of transitioning a business as one approaches retirement is fraught with unfamiliar challenges...Ronen has helped us identify and confront the challenges resulting from a step change in our niche market, challenges which were accentuated by the fact that they coincided with the management and ownership transition. And, in all of this, Ronen has been sensitive to the personal issues involved, remaining a steady presence through the inevitable ups and downs.
Sarah L, President - QTS