Joe PolishFounder of Genius Network and President of Piranha Marketing

Having an exit strategy is key for success

16 May 2023 · 0 min

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0:09

Short conversational clip from Joe Polish and another speaker emphasizing that business owners will inevitably exit their businesses and must prepare for that exit to avoid poor outcomes. The exchange advises planning and using a preparation period for exit strategy.

You know, the idea that you might not want to exit doesn't matter. You're going to exit. Are you going to do it? Well, Are you going to do badly? Right. So we all need the preparation period.
Yeah.
Okay. All right.
No, no. Exactly. Yeah. It's. It's so critical because most people, they do not exit in any elegant manner. They either, they go bankrupt, they lose their company, they turn it over to family. It. You know, there's all kinds of ways this can go south, and this is a huge advantage. Even if you don't think it's a big deal, if you take this seriously, there will be a point in time where you will be happy that this became, hopefully, a domino for you.