Benjamin Franklin is credited with the adage, “In this world nothing is certain but death and taxes.” That statement is as true today as it was when he wrote it more than 200 years ago. We can add another truism for today’s business owners: You will exit your company one day in the future.
Your exit from your company may be planned or unplanned. The exit may bring satisfaction or dissatisfaction to you and your family. It may be to the benefit or detriment of your employees or associates. It may bring great financial reward, or it may bring financial devastation.
The exit may bring fame or shame to your family and friends. It may be the continuance or discontinuance of the company you have worked so hard to build and create. The exit may be to the benefit or detriment of your competitors. Regardless of the consequences, you will someday exit your company in one form or another.