Are you ready to quit your business?
in this weeks video I'm asking if you've thought about your exit strategy. No one likes surprises, especially in business. What if life throws a curveball? Do you have a plan B? Most business owners don't. In today’s session, I challenged you to start thinking about what your legacy looks like. Let’s turn hope into a plan. Ready to create a strategy that ensures your business lasts—and thrives—beyond you? Let’s chat and make your legacy a living one.
Here are 3 key takeaways:
Anticipate the What-Ifs: Jay walks us through various scenarios that can unexpectedly impact our businesses. From personal health issues to unforeseen legislation changes, it’s crucial to have a Plan B in place. Being prepared means you can pivot without panic.
Define Your End Goal: Whether it’s selling your business, passing it on, or winding it down, having a clear understanding of what you want to achieve is essential. Success isn't just about growing your business; it’s about leaving a lasting legacy as well.
Start Planning Today: According to Jay, the best time to prepare your exit strategy is the day you launch your business. Don’t be part of the 95% of businesses that don’t sell successfully. Plan ahead to live your legacy instead of just hoping to leave one.
If this strikes a chord with you or sparks a question, it might be time to look at your own business plans and see where you stand. Let's make sure we're not only building businesses but also preparing them to thrive in the future. 💼
While it might seem counterintuitive for a business scale coach to talk about quitting, Jay emphasizes the importance of having a solid plan for when you decide to leave your business. Drawing from real-life scenarios where unexpected changes forced business shifts, Jay invites listeners to think about potential "what if" situations and score themselves on their preparedness. From sudden illness to legislative changes or family expectations not aligning with succession plans, it's vital to have a backup plan in place. Jay shares eye-opening statistics and insights, urging business owners to plan their legacy and avoid being part of the 87% without a follow-up plan. Join the conversation and start crafting your future today.
#BusinessGrowth #ExitStrategy #Leadership #MyTrueNorth #PlanB #ADDAZERO
