What are the key timelines for an exit strategy?

What are the key timelines for an exit strategy?

The key timelines for an exit strategy typically include planning, execution, and post-exit phases. Would you like details on each?

Yes, please explain the planning phase.

In the planning phase, you should define your goals, assess your business value, and identify potential buyers. This can take several months.

How about the execution phase?

The execution phase involves marketing your business, negotiating terms, and finalizing the sale. This usually takes 3 to 6 months.

What happens in the post-exit phase?

In the post-exit phase, you focus on transitioning the business, managing finances, and possibly staying involved for a period to ensure a smooth handover.