Exit: success and failure:
- The main ways an owner-manager might exit the business.
- The key reasons for business failure (external and internal) and how business failure might be prevented.
- Mechanisms for exit in the event of failure.
- Exit routes for successful businesses: selling or floating the business, valuing the company.
- How the considerations of growth affect the family business.
- Areas of potential conflict.
- Succession planning.
- Cultural issues
LO4 Assess the various ways a small business owner can exit the business and the implications of each option
- P5 Assess exit or succession options for a small business explaining the benefits and drawbacks of each option.
- M4 Evaluate exit or succession options for a small business comparing and contrasting the options and making valid recommendations.
- D4 Provide critical evaluation of the exit or succession options for a small business and decide an appropriate course of action with justified recommendations to support implementation.
