1 Starting your business

There are a number of considerations when you start your business, including your ambitions for it, your own motivation, goals, context and circumstances, and the nature of the business you intend to run. It may sound odd, but another important consideration is your exit strategy, i.e. how you would prefer to leave the business. There are a number of ways this could happen – you may want to be bought out, pass or sell it on to family or employees, wind it up or be taken over. As you are deciding what structure your business will take, you should have this in mind.