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When To Create Your Exit Plan

11/15/2014

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As odd as this may sound, you should begin your exit plan when you start your agency.  The first part of the exit planning process involves growing a profitable business that would be attractive to potential buyers or new owners.  Growing a profitable agency from day one means you are always in a position to exit your business. Likewise, developing business habits that make your business due diligence proof and protect your valuable business relationships contribute to having a healthy agency.

Having said that, if the exit plan has not been started a three-to-five year period is an ideal time frame to start the exit planning process to sell or transfer to a new owner.
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    Jeremy Hovater

    CEO
    Sunset Insurance Group

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