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Your 5-Step Business Exit Plan Checklist
Even if your business exit plan may not be used for years, developing one sooner rather than later can ensure a smooth transition. More importantly, it can help you make strategic decisions that will benefit you financially during and beyond your exit. Building...
Crisis Action Step #10 – Retool Your Sales Process
This is where your money is made or lost. Now is a good time to take a close look at how you talk to your prospective clients.
Crisis Action Step #9 – Re-tool your debt.
Band aid approaches of hanging on can bleed you out of business.
Crisis Action Step #8 – Determine your value.
People always buy initially based on emotion.
Crisis Action Step #7 – Is it time for a change?
Life is too short to do business with people we don’t enjoy or who don’t contribute value.
Crisis Action Step #6 – Look for opportunities.
Why wait for a crisis to get creative?
Crisis Action Step #5 – Inventory your team and set production measurements.
Make sure goals and expectations have specific timelines and quantifiable measurements.
Crisis Action Step #4 – Take this time to work on your business.
Those who use this pause time wisely will come out the big winners on the other side of this situation.
Crisis Action Step #3 – Make a Plan
A plan invokes creativity and forethought rather than shooting from the hip or knee jerk reaction execution.
Crisis Action Step #2 – Determine your exit plan
Determine what it will take for you to pay off your personal debt, business debt, and what your desired monthly lifestyle is per month.