There is no perfect exit strategy for the COVID-19 crisis, but keeping these tips in mind will make planning one much smoother.

To ensure that your inevitable exit is a successful one - an exit that will deliver on your future financial, personal and business goals - you need an exit plan.

No matter the reason for an exit, planning for the inevitable is essential. The stakes are too high to ignore.

A business owner cannot replace themselves (succession) until they can clearly envision their financial future (exit plan).

It’s no surprise that in today’s society civil litigation has become an ever-increasing threat to business owners and affluent individuals.

Most owners, whether their business is worth $2 million or $30 million, continue to be stuck in their business until they can clearly see the path to replace their income and maintain their lifestyles.

Most company owners have never exited a business and are unaware that the odds are against them.

To be perfectly fair to their partners, planning for the exit is complicated, especially when the owner is preoccupied with the day-to-day business.

Each of my customers has a story that everyone can learn from.

A benchmark company will have a written strategic succession plan.