Delegation, Planning, Exit Strategy
Delegation, Planning and the Exit Strategy form the Wealth Generation Plan. By consideration and opinion of the author Mr. Jean Louis, these three parts have to work with each other to avoid failures in business.
Delegation is how to assign tasks, responsibilities to people who are going to handle the part of business, so that the business owner may enjoy the freedom. There is no freedom without proper delegation.
Many have failed in past due to lack of delegation or not knowing how to delegate properly. Many have delegated businesses to people that one could not trust fully.
Planning shall be clear. This factor alone is very complex and has to be well carried out before one may say to have created a true Wealth Generation Plan.
Exit Strategy is the system what to do if the Wealth Generation Plan has achieved the purpose. And also how to escape the situations if anything goes wrong.
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