Entrepreneur Resources. Information for providing entrepreneurs and individuals with the resources needed to overcome the first hurdles in starting a business in Phelps County. Resources for developing a business plan, starting, managing and growing your business.

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Step #5 - Plan Your Exit

Believe it or not, it’s never too soon to start planning your exit. Business valuation relies heavily upon actual performance. Businesses who creatively hide earnings from Uncle Sam find that the business is easily undervalued when a buyer is on the line. Business owners who let their inventory get old or defer building maintenance find themselves in a precarious position as retirement looms. A strong plan will allow you to take the profits with you into retirement rather than locking the door and walking away from your investment.

The PK Partnership opens in new window consistently provides opportunities to attend seminars regarding succession planning.

 

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