12 Tips before selling your business – Tip 2 of 12

12 Tips before selling your business – Tip 2 of 12

Question:
What do you want to achieve from the sale of your business?

If you are selling because you want to retire, it is important to have a realistic idea of how much money you need for retirement. You should compare this figure with the value of your business and evaluate whether your plans are realistic. This comparison will also provide insight into how flexible you are be with the terms of the sale.

Your first step should be to assemble an outstanding professional team to advise you. By selecting your professional team several years before the target date for your sale, you can obtain their guidance in the presale years as to methods of minimizing the obstacles.

The professional team should include a Wealth Manager who will provide presale advice and post-sale wealth management.

Answers to these and many more questions can be found in The Exit Strategy Handbook. See Chapter 3, “The Success Team,” page 31.

Contact me today to schedule a complimentary Exit Strategy Analysis which includes a complimentary copy of the Exit Strategy Handbook.

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