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    Exit Plan For Entrepreneurs
    Exit Plan For Entrepreneurs
    Exit Plan For Entrepreneurs
    Ebook63 pages52 minutes

    Exit Plan For Entrepreneurs

    By Henry Jordan

    ()

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    About this ebook

    The book "Exit Plan For Entrepreneurs" was written by a succesful businessman who has started and/or bought, and run, then exited three successful businesses during the past 50 years. His insight combines first hand knowledge of what to do and what not to do to set up and implement a practical, optimal plan for exiting.

    LanguageEnglish
    PublisherHank10 Publishing
    Release dateMay 23, 2011
    ISBN9781452487083
    Exit Plan For Entrepreneurs
    Author

    Henry Jordan

    Henry Jordan (aka Hank) lives in Southern California. He started serious writing as editor of his third grade and high school newspapers. Over the years he has published several magazines and weekly newspapers. He also managed four different businesses over the years – an advertising agency, an aircraft dealership, a computer systems company, and a business consultancy. These days he writes free lance for business owners and operates Hank10 Publishing. He is well into his next novel.

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      Book preview

      Exit Plan For Entrepreneurs - Henry Jordan

      E X I T P L A N

      For Entrepreneurs

      Henry Jordan

      Copyright © Henry Jordan 2011 - All rights reserved.

      Smashwords Edition

      Preface

      This book is written for you if you are an ambitious, hard working achiever who makes America what it is – the land of opportunity. You make things happen and you make a profit doing it. You work at what you love to do in order to create a better life for you and your family.

      You are an entrepreneur who had the urge to be in business for yourself, and the nerve to go ahead and do it.

      You have enjoyed running your business for some time – but you are beginning to wonder if you really Own a Business or if the Business Owns You. You are beginning to think seriously about stepping aside sometime in the future.

      By now you realize that if you were to have a heart attack, an auto accident, a stroke, or some other serious debilitating ailment, or if some unforeseen event were to take place to keep you from working a few weeks, your business would in fact be out of business. A hard pill to swallow, but true.

      Even if you have employees in place who could keep the business going for awhile, there would be no procedure in place to manage and finance the business without you, the boss. There would be no way to pass the business on to someone else or to another company. There would be no stock of real value without you that your heirs could sell or keep.

      You might also admit that you are working way too hard. If you are like most workaholic entrepreneurs, your actual income per hour, including time devoted to thinking about the business and actually working, is meager -- possibly less than the minimum wage.

      You want things done right, so you do them yourself. You just don’t seem to have been able to find the right person to partner with – someone who sees things exactly as you do. Besides, you don’t really want a partner.

      You may even feel the beginnings of burn-out creeping up on you.

      So should you close up shop and go to work somewhere? Absolutely not! Do you have enough money salted away to abruptly quit and close the business? Probably not.

      You enrolled yourself in the famous College of Hard Knocks, and now it is time to prepare yourself for the finals and develop specific plans for graduation.

      This book is your guideline to graduation. Questions you may not even have considered until now must be answered. You will find the answers here – real life answers – practical answers proven by successful people in all sizes of business.

      Follow the advice given here, and you will wind up with a business to be proud of, with an exit plan that takes care of you and your family financially when the time comes to step aside.

      During the process, you will still have control, and you can continue to steer the ship as long as you want to.

      You will build a business that operates with or without you. You will build a business enterprise that brings in the revenue you want, to buy the things you want for yourself and your family, and a business that gives you the time to do the things you yearn to do.

      Why did you go it on your own in the first place? Wasn’t it to have the freedom to do the things you really want to do, when you want to, and to build the peace of mind of financial security? Of course, that’s what we all want.

      Read the book, enjoy, learn and prepare to set up a better, secure lifestyle.

      Chapter 1

      The Basics

      To graduate from where you are into a business that you can grow and eventually step away from, you must take into account the following steps. You must set your mind to change, and take action.

      Let’s start with two assignments you must do all by yourself:

      STEP ONE: Put Your Basic Business Plan On One Page

      It’s necessary for you to step back and think about what your business is really all

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