Every business owner knows that someday they will face the tough decision to sell their business or consider passing it on to their children. But the reality is that few business owners plan ahead. A well planned exit strategy increases the chances that you will make the right decision and get the best value for the sale of your business. Common exit strategies include being acquired by another company, the sale of equity, or a management or employee buyout.
Seller Exit Strategies
Having a carefully thought out “exit strategy” or succession plan is the first step towards maximizing the value of your business, and the price you’re able to sell it for.
While most of the businesses we work with sell in 6 – 12 months, it’s not unusual for us to meet with a business owner over a period of two or three years before they’re ready to sell their business. During that time, we often advise on changes to the business that can help achieve the best price and terms when it finally comes time to sell.
If you’re a business owner, you know that many things can trigger your desire to sell. You may be ready to retire. Or you’ve discovered that your children aren’t interested in joining the family business. Or you’re dreaming of a new, second career. Or you just want to slow down and smell the proverbial roses.
If you’re thinking about selling your business now or in the next few years, give us a call at (480) 477-6305, so we can schedule a free consultation about your exit strategy.
PLAN AHEAD WITH A FREE CONSULTATION
If you’re thinking about selling your business now or in the next few years, give me a call at (480) 477-6305 so we can schedule a free consultation about your exit strategy.