The right business model or structure for any business depends on many factors but importantly has to be consistent with what you, the business owner, want to get out of the business in the short, medium and longer terms. So, rather than try and shoe-horn every idea into a single model or structure, there are a few key considerations that you can run through when you are looking to get that new business started.
Alec Blacklaw is a member of MSI Global Alliance in Australia and New Zealand and recently published an excellent article titled “Setting up a business…what’s your exit strategy?” A great read for any business owner.
For more information or advice on planning your exit strategy, contact a member of our team today.