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10 Tips for Transitioning Out of Your Business

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10 Tips for Transitioning Out of Your Business

On this episode of Remodeling Mastery, host and industry advisor Mark Richardson dives into what to consider as remodelers plan their exit


July 12, 2022
remodeling mastery mark richardson

 

Whether it's an aging out or taking a step back, transitions are inevitable. Remodeling Mastery host and industry advisor Mark Richardson says that it's best to guide the transition rather than allowing it to guide you.

In order to do so, it's important to start early and create a clear vision. In this episode, Richardson offers up 10 considerations to help define what type of transition will work best for you and your business.

Richardson says to start by asking how you want to feel in five to 10 years?

"How you want to feel might be free," says Richardson. "How you want to feel might be related to your health. How you want to feel might be related to a financial freedom. How you want to feel may be devoting your time and energy to causes other than your clients and projects."

 


written by

Mark Richardson

Contributor

Mark Richardson, CR, is an author, columnist, and business growth strategist. He authored the best-selling book, How Fit Is Your Business? as well as his latest book, Fit to Grow. He can be reached at mrichardson@mgrichardson.com or 301.275.0208.


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