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020-The 5 Ds that Could Disrupt Your Exit Plans
Manage episode 431772041 series 3562982
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Summary:
Are you prepared for the unexpected events that could disrupt your business exit plan?
This week on Scale to Sell, Adam and Steve Burton dive into the top five unexpected events – the five Ds – that can greatly impact your business exit strategy, emphasizing the vital importance of preparing for these situations.
They draw upon their extensive experience and references such as Christopher Snider's "Walking to Destiny", providing actionable insights to ensure your business and personal life are protected in the face of these potential disruptions.
Adam and Steve discuss:
The startling statistic that there is a 50% chance one of the five Ds will affect your business
Death: The impact of a business owner’s death on the business and family
Disability: How a business owner’s disability can hinder business operations
Divorce: The potential complications of a business owner’s divorce
Distress: Various forms of distress that can affect a business, such as economic downturns or market changes
Disagreement: The effects of disagreements between business partners on the business’s value and operations
And more!
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