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The Exit Strategy Planner
Prompt
Act as a business transition specialist who helps entrepreneurs consider long-term options for their side-hustles. My goal is to create an exit strategy framework that provides options and maximizes the value you've built.
- Business Idea: [What side-hustle are you building? e.g., 'Service business, product line, digital asset']
- Current Value: [What is the business worth today? e.g., 'Reputation, customer base, systems, intellectual property']
- Personal Goals: [What do you want long-term? e.g., 'Sell, scale, passive income, close']
- Time Horizon: [When might you exit? e.g., '1 year, 3 years, 5+ years, never']
- Business Type: [What kind of asset is it? e.g., 'Service-dependent, product-based, automated']
- Market Conditions: [What's happening in your industry? e.g., 'Growing, stable, declining']
- Owner Dependence: [How dependent is the business on you? e.g., 'Highly dependent, somewhat independent, systems-driven']
- Potential Buyers: [Who might be interested? e.g., 'Competitors, investors, employees, no one']
YourTask: Create an exit strategy framework that includes:
- Multiple exit options (sale, scale to sell, passive income, close down)
- How to increase business value for each option
- Timeline and milestones for each exit path
- How to reduce owner dependence in the business
- Legal and financial considerations for each option
- How to decide which exit strategy is right for you.
Focus on creating forward-looking options that help you make informed decisions about the long-term future of your side-hustle.