Do you have an Exit / Transition plan in place?
A bad exchange can cost you the race…
Whether you are transferring to a family member, selling to and insider, or going to market you need to plan in advance. At least 3-5 years and with some strategies maybe longer. Unfortunately, when the time comes, only a small fraction give themselves enough time.
Most Baby Boomer Business Owners haven’t given much thought to how they will exit their business.
An alarming fact is that about 20-25% of companies that wish to sell ever succeed at getting full value. All too often many close their doors or liquidate for a fraction of what they could have gotten. The secret is to make your company sellable long before you ever consider selling or transitioning!
Advanced Business Advisors is focused on helping business owners get the most out of their life’s work. We work with you to prepare and get the best deal in a complicated market, allowing you to continue to do what you do best – run your business.
Exit and Succession Strategies include but are not limited to: