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Exit Strategy-Step 5- Have Great Systems in Place

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The strength of your company relies on many factors, and one of the most important is having a great set of systems and procedures in place. Systems and procedures bring consistency to your customer service, and to your repairs.  While I am not a fan of creating a company with employee clones, having everyone in your company on the same page, sharing common goals is crucial for overall success.

In terms of selling your company, having systems and procedures in place is an advantage when potential buyers are interested in your company. 

Please remember, it doesn't matter where you are in your business career, you are never too young to start planning for your exit strategy.  And, perhaps equally important is that by preparing your business for sale will actually help build a stronger and more profitable business.

Stayed tuned for more tips on Creating Your Exit Plan.

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