This is the fourth and final installment of my series on company planning. We’ve reviewed business concepts and types of business structures (September 2007), management of the firm (October 2007) and new technology (February 2008). Now we will look at how and when to exit a firm.
By now I am sure most of you in business know we are going through a downturn in the building and real estate market. If you are unaffected by this downturn, consider yourself lucky or smart enough to practice in different market segments.
I have written numerous times about the importance of company planning. With the many changes in our profession, we need to take a more in-depth look at the importance of charting out the future of our careers and our companies.
I know most POB readers are in the throes of winter. But as always, spring is not far away. Many farmers take the winter months to plan for the spring thaw, deciding on the types of crops to plant for a better harvest next fall.