If you're in your own business sustainability, then you make the guidelines about who you're going to have fun with and on what grounds. Sometimes it takes a great deal of self-confidence and courage to stand your ground when a customer is requiring unfavourable terms. A person in a position of power, understanding their strengths and worth won't cave into this pressure.
So, preparing for an exit is more than simply doing something about it when the market is 'hot'. It is simply the opposite. A successful exit method is one that utilizes these down markets to prepare business for an exit when the 'window' opens again. And, let's not forget, that offering the business is not the only exit choice - once again, far from it. Nevertheless, any exit alternative needs to think about the underlying practicality of the company's sustainability in order for the general exit structure to be a success. Now is the time to resolve this sustainability.
Some people believe they need to approach their company as an occupation. If you can think about one and only one type of organization that will provide you with career satisfaction, then it might be a good idea to pursue that vocation no matter what (which suggests, profit or no revenue). Nevertheless, if you stay in business to generate income, be independent, develop a gratifying retirement, and do work you enjoy doing, there are a variety of things to sell and services to be because might make you happy. In any case, not making a revenue, squandering cash for several years, or attaching your personal identity to a piece of real estate, a logo, or any inanimate item make sure methods to wipe out joy.
Pursuing the income rather of the passion leaves you at threat for spending important time and money developing a business that diminishes your importance of sustainability in businesses life. It is hard to run an effective business when it remains in dispute with your passions. Since there isn't anybody to delegate obligation to in order to offer you more time for your individual life, this is complicated even further as a solopreneur.
Better that you area out your posts (when you have a core of a minimum of 10-20 published) to simply one or two a week but to sustain that rate over the long term. By long term I imply numerous years.
Today's marketplace has actually left a fair bit of particles in its wake. The owner who can dust themselves off, choose themselves up, and move on with their lives will be ready to have the conversation about preparing for their exit. There is a bottled-up demand that is building for this exit strategy preparation suggestions and it is the smart advisor who invests their time learning more about how to have this discussion and how to generate income from the idea to grow their practice.