Exit Planning

Several years ago I had a client who had an award winning business. The CEO was a brilliant young man and this was the fourth or fifth business that he had run successfully.

This CEO had sold one of his prior businesses and had a very difficult sale of his business. Although there are a lot of details that I'll skip over...this young man also had a previous heart attack and was burning the candle at both ends. Or better put, the candle was just on fire.


I'm in no position to criticize or to comment on his previous business exit...but the one thing that it kept reminding me of is the exit planning that each one of us will face. Our exit from this earth.


Many of my colleagues and business associates, including me, have lost opportunities to spend time with our children, families, spouses and friends in pursuit of the business dream. But, if you haven't discovered this already, here is what I've found: You can always make money. You can always take on another job or career. But you can't go back in time and spend time with building your faith and your relationship with God and the people around you. You can't go back in time to be with your kids and your spouse and share their lives. But you can take time now to stop and reflect on what you'll do from this time forward.



If you will, take some time now to plan a better relationship with those you love, your employees and colleagues. Plan to spend time being the parent, spouse, grandparent and friend to others that need you. Most important, plan for that day when your life on this earth ends...and your eternity starts. Maybe grab a Bible and see the "exit plan" that has already been laid out there for you and your family. Take the time to read the plan...and to carefully plan for that day. It's not an easy road. Many of us have lost children in the pursuit of the things of this world. Some have lost spouses or friends. But it's not too late to change direction and start working on that intermediary and final exit plan.


We hope that you have a blessed day!

Jim Hoggatt, CEO

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