What’s the long-term plan for your business? Considering your business exit strategy
Do you know how you are going to exit your business? You may have a dream of going public, selling to the highest bidder, or retiring and handing over your business legacy to your family.
The truth is that many small business owners have no exit strategy for their businesses in the event of their disability, retirement, or death. You might be struggling to find time to run your business, focusing on growth and maintaining current income levels, but this is not a sustainable strategy.
Develop a Succession Plan
There is no “one plan fits all” when it comes to developing a succession plan for your business. But following SCORE’s recommended five steps to succession planning (including choosing and training a successor) can help provide some practical direction and deliver the peace of mind that comes from knowing that your life’s achievement is in good hands.
Join INBA and the Small Business Administration: Succession Planning 101
When: Wednesday, 3/22, 3:00 pm – 5:00 pm
Where: Downtown Spokane Library, 906 W Main Ave