<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" > <channel> <title> Comments on: 7 Things Business Owners Need to Get Right With an Exit Strategy </title> <atom:link href="https://www.americanbusinessmag.com/2015/03/7-things-business-owners-need-to-get-right-with-an-exit-strategy/feed/" rel="self" type="application/rss+xml" /> <link>https://www.americanbusinessmag.com/2015/03/7-things-business-owners-need-to-get-right-with-an-exit-strategy/</link> <description></description> <lastBuildDate>Thu, 04 Apr 2019 13:28:28 +0000</lastBuildDate> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.2</generator> <item> <title> By: Andy Ferguson </title> <link>https://www.americanbusinessmag.com/2015/03/7-things-business-owners-need-to-get-right-with-an-exit-strategy/comment-page-1/#comment-39813</link> <dc:creator><![CDATA[Andy Ferguson]]></dc:creator> <pubDate>Thu, 04 Apr 2019 13:28:28 +0000</pubDate> <guid isPermaLink="false">http://www.americanbusinessmag.com/?p=2833#comment-39813</guid> <description><![CDATA[Formulating an exit strategy is nothing but a plan for eventually leaving the venture. It's a very common sense of shrewd entrepreneurship. A success exit plan can lend a sense of peace of mind. Designing an effective exit plan is going to be necessarily unique for every venture. It includes a customized business plan that accounts for the industry conditions, trends, and the time frame of the entrepreneurs. I don't think there is any one size fits all template. A business owner needs to consider the unique circumstances of the business so that he can plan a successful exit plan and provide his business a blueprint for success.]]></description> <content:encoded><![CDATA[<p>Formulating an exit strategy is nothing but a plan for eventually leaving the venture. It’s a very common sense of shrewd entrepreneurship. A success exit plan can lend a sense of peace of mind. Designing an effective exit plan is going to be necessarily unique for every venture. It includes a customized business plan that accounts for the industry conditions, trends, and the time frame of the entrepreneurs. I don’t think there is any one size fits all template. A business owner needs to consider the unique circumstances of the business so that he can plan a successful exit plan and provide his business a blueprint for success.</p> ]]></content:encoded> </item> <item> <title> By: Kylie Dotts </title> <link>https://www.americanbusinessmag.com/2015/03/7-things-business-owners-need-to-get-right-with-an-exit-strategy/comment-page-1/#comment-39545</link> <dc:creator><![CDATA[Kylie Dotts]]></dc:creator> <pubDate>Thu, 18 Jan 2018 15:10:19 +0000</pubDate> <guid isPermaLink="false">http://www.americanbusinessmag.com/?p=2833#comment-39545</guid> <description><![CDATA[I like how you said that you need to go back and plan out how to exit your business if you want it to have more value. Talking to a professional exit planning service would probably be a good idea in that case. Then you have it in writing by a professional and can put it into effect as soon as necessary.]]></description> <content:encoded><![CDATA[<p>I like how you said that you need to go back and plan out how to exit your business if you want it to have more value. Talking to a professional exit planning service would probably be a good idea in that case. Then you have it in writing by a professional and can put it into effect as soon as necessary.</p> ]]></content:encoded> </item> <item> <title> By: Doug Reed </title> <link>https://www.americanbusinessmag.com/2015/03/7-things-business-owners-need-to-get-right-with-an-exit-strategy/comment-page-1/#comment-28406</link> <dc:creator><![CDATA[Doug Reed]]></dc:creator> <pubDate>Sun, 12 Apr 2015 14:23:25 +0000</pubDate> <guid isPermaLink="false">http://www.americanbusinessmag.com/?p=2833#comment-28406</guid> <description><![CDATA[This is an excellent article. I have been working on acquisitions and am finding out many people should be thinking about succession but are not. And, when presented with an opportunity, they don't know how to respond. So, they do nothing. I would say 1/3 of the time a new client is stuck in the same mode. What your article does not address (by intent) is the fear that paralyzes persons from acting. They are afraid of their mortality. They are afraid of their life changing and they don't what they are going to do with themselves. They are afraid of trusting someone with their "baby". I also hear they need continued income and perceive they are not going to make enough (in a sale) to sustain themselves. Having a paycheck with profit distributions is very comforting so they stretch that out for as long as they can. For someone in my profession, patience and empathy is essential.]]></description> <content:encoded><![CDATA[<p>This is an excellent article. I have been working on acquisitions and am finding out many people should be thinking about succession but are not. And, when presented with an opportunity, they don’t know how to respond. So, they do nothing. I would say 1/3 of the time a new client is stuck in the same mode. What your article does not address (by intent) is the fear that paralyzes persons from acting. They are afraid of their mortality. They are afraid of their life changing and they don’t what they are going to do with themselves. They are afraid of trusting someone with their “baby”. I also hear they need continued income and perceive they are not going to make enough (in a sale) to sustain themselves. Having a paycheck with profit distributions is very comforting so they stretch that out for as long as they can. For someone in my profession, patience and empathy is essential.</p> ]]></content:encoded> </item> </channel> </rss>