When It’s Time To Go
One way of developing a practical exit strategy from a very
profitable ongoing business endeavor without causing the “boat to
rock”, is to reward one’s self with huge amount of “goodies” in the
form of bonuses, pay checks, special shares or dividends and the
likes, regardless of the company’s current performance levels.
In doing so, the company will be able to deplete its current healthy
revenue reserves and direct them into the coffers of the owner,
thus creating a viable and quick exit when the time is right.
Another form often utilized and is not really messy or complicated
is the liquidation process. This style is used, when the home
business owner has simply decided that enough is enough, and
wants to close the business without any fuss.
In this scenario the individual would just literally close the doors
on the business and after paying off any creditors and other
shareholders, putting up the equipment for sale if any, whatever
balance left would be considered rightly his or hers.
There would be no or minimal negotiations involved and certainly
no lengthy time consuming processes to adhere to. There would
also be no need for legalities such as transfer of control or
redistribution of shares if the business was solely owned by one
individual.
- 24 -