Much like individuals don’t walk into marriage with divorce on their minds, investors don’t consider an end to their new financial relationship while the ink is still wet on the contract. But entrepreneur and angel investor Rick Siskey of Charlotte, NC believes that it is important to consider an exit strategy at the outset. Because of the quick turnaround of so many businesses during the current economic climate, Charlotte, NC’s Rick Siskey believes that planning an exit strategy is essential. He also says that it’s crucial to have the same goal for long-term investments. Richard Siskey points out that it’s not necessarily an arduous process – it can be as simple or complicated as the investor wants.
However, Rick Siskey of Charlotte, NC reminds investors that the exit strategy must be discussed and signed off on, by both the investors and the company. While there is no set in stone plan for designing an exit strategy, Siskey points out that the business and the investors must both agree on the strategy.