Selling a business may be the largest and most critical financial decision you will make in your lifetime. To ensure your business transition goes smoothly, you need to create a plan with your team of advisors.
A recent Inc. Magazine survey found the top reasons for a private business owner to sell:
→Boredom and Burnout (54%)
→Lack of Capital (11%)
→No Family Successor (10%)
→Desire for Liquidity (10%)
→Age and Health (8%)
→Other Interest (7%)
Add to those the unexpected 'Dismal D's' - Death, Disability, Divorce, Dissenting Owners, Declining Markets and Debt Overload, and you can see why having a strong Exit Strategy/Succession Plan in place is critical. Without an Exit Strategy/Succession Plan, you cannot be confident about how, when or to whom your business will sell.
Take the time today to start developing your personal Exit Strategy/Succession Plan so you can sell your business on your terms. Call one of our Business Brokers to schedule your free consultation.
Mequon (262) 240-2211 Madison (608) 828-9990
exitstrategy@beaconbusinessgroup.net
