Good exit planning involves answering 'Yes' to seven questions

1. Do you know your exact retirement goals and what it will take-in cash-to reach them?

2. Do you know how much your business is worth today, in cash?

3. Do you know the best way to maximize the income stream generated by your ownership interest?

5. Do you know how to transfer your business to family members, co-owners, or employees while paying the least possible taxes and enjoying maximum financial security?

6. Do you have a continuity plan for your business if the unexpected happens to you?

7. Do you have a plan to secure financial independence for your family if the unexpected happens to you?

Ophthalmology Times /
Source: Reprinted with
permission of Clayton Capital
Partners, St. Louis