Have any questions? +64 9 3587403 enquiries@platform1.co.nz

How Do You Overcome Business Exit Procrastination ?

  • Feb 28, 2024

Overcoming procrastination when considering exiting a business can be challenging, as it involves making significant decisions about the future.

Here are some strategies to help a business owner overcome procrastination in this situation:

Set Clear Goals: Define specific and achievable goals for exiting the business. This could include financial targets, timelines, and personal aspirations post-exit.

Break it Down: Break down the process of exiting the business into smaller, manageable tasks. This can make the overall process less daunting and easier to approach

Create a Timeline: Set deadlines for each step of the exit process. Having a timeline can create a sense of urgency and help keep you on track

Seek Professional Advice: Consult with experts such as advisors, your accountant, or companies who specialize in business exits. Their expertise can provide valuable guidance and support throughout the process.

Visualize the Benefits: Imagine the benefits of exiting the business, such as financial freedom, pursuing new opportunities, or spending more time with family. Keeping these benefits in mind can motivate action.

Identify Obstacles: Identify any obstacles or concerns that are causing procrastination. Once identified, develop strategies to address or overcome these obstacles.

Stay Organized: Keep all relevant documents and information organized and easily accessible. This can streamline the exit process and reduce stress.

 Take Action: Start taking small steps towards exiting the business, even if they seem insignificant. Taking action, no matter how small, can help build momentum and overcome procrastination.

 Stay Flexible: Be open to adjusting your exit strategy as needed based on changing circumstances or new information.

 Celebrate Progress: Acknowledge and celebrate each milestone achieved in the exit process. Recognizing progress can boost motivation and momentum.

By implementing these strategies, a business owner can overcome procrastination and successfully navigate the process of exiting their business.


Mike Warmington is a Director of Platform 1 NZ Ltd who specialise in using executive search techniques to find people with capability and capital for SME business owners wanting to transition.