Eventually, every entrepreneur realizes they cannot work in their business forever. For most entrepreneurs, this is the time they begin thinking of exit. Here are ten things you should think about before that faithful day.
Standardization
The first thing I will like to mention is standardizing services or products. In the onset of a business, an entrepreneur figures things out as he/she develops. As time elapses, the entrepreneur figures
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You can get money for your business
As an entrepreneur, your business has a value. When you are ready to retire from your business, you do not have to close your doors and just walk away. Your business is an asset that can be sold. The value of a business is all about timing. Value goes up and down depending on what is going on in the external environment. Knowing what events affects your revenue is crucial.
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