The Reality of Exit Strategies

Given the serious consequences of not being able to sell a business or leave it in capable hands, exit strategies and succession planning need to be a primary consideration for business owners as they prepare for the future.

Unless you proactively and carefully plan a strategy for handing the reins of your business over, or making it as attractive as possible to potential buyers, you may be left with an unwanted business on your hands.

Yours may be one of many similar businesses on the market at the same time in the very near future as baby boomers retire. There will be an over-supply compared to demand. Failure to plan now can end up costing time, resources and ultimately sale value further down the line.