Private sector stepping up Barbados’ private sector has done well to cope with the worst effects of the prolonged worldwide economic recession. This assertion has come from Harris Paints’ senior vice-president sales and marketing Luke Ticknor, who singled out the contribution being made by home-grown Barbadian companies as worthy of special mention. He said that [...]
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Business Tip
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Set a target date
Whether it's in two years or 10, establish a specific date when you'd like to leave the business. This creates a tangible goal, with milestones and accountability, that will ensure you stay on track. Keep in mind that while a set date is critical to goal achievement, it can (and ...Secure counsel from a team of advisers
Exit planning requires the counsel of trusted advisers from different disciplines. This team should minimally include your CPA, a business and estate attorney, a financial adviser, and an exit planning specialist who will coordinate the process and create a holistic game plan.Write a plan and review annually
Change is constant. Economic conditions or a myriad of other factors can bring new influences and impacts to your life and on your business. Be proactive and review your exit plan each year with your advisers to determine if any adjustments are necessary.
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