Four steps to a smooth, profitable exit from your business
When the time comes to sell a business, owners hope to be well-positioned. But to ensure a profitable and low-stress exit, the planning process needs to start now. Read more at The Business Journals.
When it comes to exiting your business, you cannot have too many options. Too many owners box themselves in by not taking simple steps to diversify their business, to make it more versatile, more portable and create flexibility that greatly expands the exit options. This results in unnecessary complexity and headaches during the sales process and can even kill off deals completely.
No matter what type of exit you are targeting, there are some core steps you can take that will prepare you for nearly all scenarios. And even if you aren’t preparing for a sale, they will add value to the business and make it more attractive to potential buyers.