No Decision Is Still A Decision
As the business owner on a typical day, you are asked to make a decision nearly every minute. All day long you are bombarded with questions from customers, employees, vendors, and bankers. It’s a non-stop barrage of seemingly endless decisions to be made.
“Should we ship ground or expedite?”
“Should we switch the line over now, or finish off this last lot of material first?”
“Should we deliver to Customer A first, or Customer B?”
“Do you open up more spots in our class or keep it capped?”
“Customer C wants a refund, but they already opened the product. What should we do?”
“When will your budget be ready to share?”
With these kinds of “in-the-moment” questions hitting so frequently, who can blame you for your tendency to avoid decisions on the non-mission critical stuff? It’s understandable that at some point you simply run out of gas, and do not want to make a decision for a few minutes, hours, sometimes stretching into months or years
The problem, in business, and in life is that no decision is still a decision.
This can apply to a lot of longer-term strategic decisions, but the biggest, most impactful decision of all, is often the one business owners avoid the longest: “How will you exit your business?”
Whether planning for the future of your business and retirement seems like it’s an eternity away, or feels imminent, you absolutely need to find time to think about this. Even if your identity is your business, and you don’t plan to walk away anytime soon, you are going to die someday. When you leave this earth, if you haven’t done so already, you’ll also depart from your business. Just as you plan to leave your family set up to carry on without you, it is important to prepare your business to ensure that your legacy, values, and name live on. If you fail to put together and implement an exit strategy, you not only jeopardize your legacy, but you may also leave your loved ones an epic mess to clean up.
This is why no decision is still a decision.
I get it, you’re exhausted. You’re spread too thin. There are more pressing matters. Or perhaps you don’t like dwelling on the fleeting nature of this life. These things are all true. And they will still be there tomorrow, and even next year.
And yet, no decision is still a decision.
We get it. You really do want to work on your exit plan, but other things keep getting in the way– from pandemics to inflation to wars, there is always a new crisis requiring a response. So let us bear some of the load by guiding you through the exit planning process.
Whether you are looking for to get an objective view of your company through the eyes of an expert (see our Exit Audit), or you’re ready to to sell and want someone at your side through the entire process (see our other Services), and everywhere in between, we here at Doescher Group stand ready.
At Doescher Group we help business owners exit on their terms. If you want to learn more about how to begin the process of planning the exit from your business, reach out to Doescher Group to learn more.
