Former Morgan Stanley Director Dana Cornell Warns of a Business Exit Planning Gap
The National Law Review
"As previously mentioned, it’s worth noting that in today’s digital era, navigating business exit planning has become increasingly complex," said Dana Cornell, former Director at Morgan Stanley. "This is not an exhaustive list, but as we delve into the world of exit strategies, there are a few considerations that every business owner should keep in mind."
"In summary, remember that effective exit planning requires careful preparation and strategic thinking. It’s a testament to the resilience and success of a business that its owners consider all possibilities well in advance," Cornell emphasised.
"Specifically, ensure you have a clear understanding of your financial position, identify potential buyers or successors, and create a comprehensive plan that accounts for legal, tax, and emotional aspects. This metamorphosis can be a game-changer, revolutionizing the future of your business."