We hear it all the time. Do any of these sound familiar?
“I’m never leaving my business. I love what I do.”
“I don’t intend to exit my business. I plan on working until the very end.”
“I can’t leave my business. I wouldn’t know what to do with myself!”
These are valid positions for a business owner to hold. But they could be vulnerable if there is not a plan to go along with the sentiment. Staying in your business forever requires planning to make it a successful experience.
If you have a similar intention to continue on with your business indefinitely, we suggest you develop a thoughtful plan to maximize your likelihood of success. Consider your objectives in this way:
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The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.