Every Smart Business Has an Exit Plan

One of the reasons so many businesses fail is the lack of focus. Even if you begin your cleaning service business with a solid plan and follow it with all the gung-ho you can muster, one can still lose focus. You almost need a plan for your plan; micro-managing if you will. You can mange and revise your business plan quarterly, bi-annually or just yearly, depending on your companys’ priorities. For instance, implementing your marketing plan effectively might require that you consider a weekly or monthly meeting with your sales staff or just your accountant and advertising representative. Where as, your financial plan that includes any business loans or employment benefits, etc. might only need your attention bi-annually. 

Another point to consider is your over-all future plans for your business. Where do you want it to go? Should you expand your services and/or employees and also your administrative duties, or do you want it to remain small and manageable? There are pros and cons for both, just decide what best suits your goals and needs.

Those questions are just as important as your start up business plan. You need to know where your’e going, besides where your’e at, to fully realize your professional and financial potential as a business owner. An exit plan doesn’t just have to be about walking away from a failed business, it might include semi-retirement objectives, such as, weaning yourself out to a minimum of only 10 hours a week, or just keeping in touch with the office no matter where you may be. Take yourself and your cleaning business seriously and evaluate your goals and objectives and formulate an exit plan for the future.

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