Part of business ownership, according to business and entrepreneur Richard Siskey, is knowing when to exit. No matter what your role as a stakeholder in a business, knowing when to get out is as important as knowing when to begin. With more than three decades of experience in the business, Charlotte, NC native Richard Siskey has seen many companies sell for millions within just a few short years of beginning.
The key is to have your exit planned in advance. By creating specific deadlines and financial milestones, you’ll have a timeline to give company owners and future investors, Richard Siskey says. By doing all this while you’re setting up your company, you’ll be able to better plan and strategize, Richard Siskey believes although he cautions that you may end up exceeding your goal!