What Is Your Exit Strategy

When an agent gets to the point where they no longer want to do real estate, we get asked, "So now what do I do?" Unfortunately by the time they get to this point, it's a bit too late to capitalize on your business's full value.  One of the first things you need to do when you start your business is to develop your exit strategy. If you feel that you have no real plan to exit real estate, ask yourself the following questions:    

1.      Do you have 4 to 5 years of trackable numbers?

2.      Do you know how profitable you have been for the past 4 to 5 years?

3.     Is your database up-to-date?

If you answered "no" to any of these questions then you most likely do not have an adequate exit strategy in place. When asked about the value of your business, you probably don't have a solid answer. For additional information and guidance on this topic we have posted an article on our website entitled "What Is Your Exit Strategy?" for you to review.

I will take the time to gather the necessary information to develop my exit strategy. By knowing my numbers for the past 4 to 5 years I will know the value of my business. In order to take my business to the next level of success, I need to know what my exit strategy is.