Ask The Banker: Every business needs an exit plan

KEZI 9 News talked to Ron Green with Oregon Pacific Bank to learn more.

Posted: Feb 11, 2019 4:49 PM
Updated: Feb 11, 2019 4:49 PM

Speech to Text for Ask The Banker: Every business needs an exit plan

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and now that may be today is monday... and that means it's time to "ask the banker" sponsored by oregon pacific today one of our viewers wants to know how to create a successful plan for her business. well the question i would ask you too is what is your exit plan? oftentimes those exit plan and succession plan tie together. every business honestly the day that you open business you should think about what's going to happen and how am i going to close my business? that could be i'm done i want to retire, i want to sell the business, so certainly line up what is the exit strategy. that may involve succession with maybe an officer or a manager of your company, perhaps an heir of yours to take over the business, but think about what's my exit strategy? that thanks ron. if you have a banking or finance question for ron...we'd love to hear from you. just head to our website... kezi
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