Ten Reasons to Sell a Business With a Business Broker
January 18, 2021
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Exit Planning: Our Process
The choice to sell your business is one of the most important financial decisions you’ll ever make. Although you may have years of experience in building your business, this may be the first time you have ever sold your own company. You owe it to yourself, your family, and your employees to approach its sale with the same careful planning and dedication that you put to work in building your business.
Many business owners will ask us the question, “When should I start preparing my business for sale?” Our answer is now, whether you intend to sell your business or not! As business owners, we want to be ready to seize an opportunity when it presents itself. We don’t always know when a selling opportunity may arise; but when the opportunity comes we should have the option to seize it. When we plan in advance, we can position our business in such a way that will maximize its value to a strategic business buyer.
Passing Your Business to Your Son or Daughter
Or if your plan is to pass the business on to the next generation in your family, you want to ensure that your son or daughter are successful. Did you know that only 1/3 of all businesses that are taken over by the 2nd generation actually succeed? The business is your legacy. You want to ensure that your hard work will endure to future generations. Your investment in one of our Certified Family Business Advisors will pay large dividends. Below is the process we use to prepare a business for sale:
