What is a good exit strategy for closing my business? I am re-enlisting in Army

Posted on: Fri, 12/04/2009 - 3:14pm
the boss36
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What is a good exit strategy for closing my business? I am re-enlisting in Army

I am soon to re-enlist in the US Army . I am a "Professional Bail Bondsman" not a "Surety Bondsman" in Alabama. Because of the recession and a desire to re-enlist in the military I want to close my business , i do not have many active cases right now so i wanna get while the getting is good . I own my building and lot , and I want to know if there is a good way if i sell my business to the local competition to get them to help me monitor my last remaining check-ins and Active cases?
 
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Posted on: Sat, 12/05/2009 - 9:06pm #1
National_Accoun...
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I would contact your GA or

I would contact your GA or Surety about monitoring your open liability.
Sell to the highest bidder.

Wish you all the best and safety while serving in the military.

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Posted on: Fri, 09/17/2010 - 12:06pm #2
GregLV
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Not the Answer You Want to Hear

The exit strategy in bail bonds is rough. You have to wind down slowly. If your surety won't work with you, you can try this.

If you write aggressively, then tighten up, if you're already writing conservatively, I have 2 ideas.
1. Farming out fresh leads to a competitor for a fee, while you clean up your open liability.
2. Negotiate the sale of your business to include a training period for the new owner. This way you can clean up your liability and still make some money to live on.

Bottom line is I would I wouldn't trust my liability to anyone else, no one watches your business like yo do.

All the Best,

Always Available Bail Bonds
 
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