Just enter your main keywords to quickly generate company names and check domain availability. TIP - Works best with domain keywords separated by space, e. Follow these steps to find an awesome company name 1.
Part of the business planning process is the exit strategy -- bailing out of the business at some point before it dies. The exit strategy is actually a plan to redeem the company from its original investors so they can realize their 10 lbs.
An exit strategy is also important to the bank as a plan to retire the debt incurred at start-up. The desirability of each strategy is dependent on the mix of ownership, original intent, market conditions and company performance.
Feed It to the Chipper In the worst case, the company will be broken into pieces and fed to the liquidators as so much chum. This path is dictated by poor financial performance, lack of a viable market for either the company or its products or the impatience of the investors to continue funding a dry hole.
Owner Buyout In many cases, the founder or the employees will have an intense desire to keep their jobs. This scenario assumes a well-performing company that is generating positive cash flow and profits. An agreement is struck with the investors, stockholders or lien holders establishing the value of the company.
The employee group will find a way to finance the amount necessary to buy out the interest of the others, thus taking control of the company away from potentially hostile forces.
Sell the Company This exit strategy is just as it seems. From inception, you build sales and brand value to get the attention of potential suitors. You may have predetermined a level of profit at which you begin to market the company.
You may have done such a good job of building a brand that a competitor or conglomerate will see your company as a good fit to its long-term strategy. This option often results in dismissal of most management in the target company and some consolidation in the ranks.
Go Public The most complex exit strategy is jumping into the morass of regulations managed by the Securities and Exchange Commission.
The Sarbanes-Oxley Bill made the process of selling all or part of a company to the public through the issuance of stock a challenging proposition. The regulations will keep your lawyers happy for years to come. If you plan to use this option, you must start the planning process almost from inception due to the stringent recordkeeping necessary.
References 2 Securities and Exchange Commission: More than 20 years as a banker, 10 years as a small business owner and five years as a business adviser fuel his passion for writing and mentoring others. An award-winning photographer, he was also a contributing columnist to the "Antelope Valley Press.Writing a business plan is a prerequisite to your company’s success.
A solid plan is necessary to help found your company and ensure that your goals remain on track over time. Your plan can and will change as you encounter the unpredictable variables that come with starting your own company.
Company: Thumbtack Company Rating: Thumbtack is a tech platform that lets people hire local professionals like house painting, event planning, music lessons, movers, etc.
Use Live Plan For Easy To Read Business Plans Like the other suggested ideas, Live Plan tries to combine the serious nature of business plans with easy to read formats. It offers everything needed to keep your financials, business pitch and plan in check .
Good business names are creative, unique, and thought-provoking. Invented names especially, of which Brandroot has thousands, are a great way to set yourself apart from the competition.
In order to be successful, business names need to help you create company identities that are special. Dec 03, · Your business plan gives lenders and investors the information they need to determine whether or not they should consider your company.
Your business plan . SEO can be a very important factor for your new company name. Sometimes you may want your company name to include specific words that can help users to search or find your business easily.