Selling your business is a significant transaction. Unfortunately, we find that most founder-owned businesses are not adequately prepared nor positioned to sell when a buyer approaches them. Preparing to exit your business isn’t one big decision. It’s a series of choices, assessments and reassessments. It’s a process, and the longer you give yourself, the better off you’ll be.
An exit plan has many moving parts so it’s never too early to begin preparing. We believe the preparation stage is key to executing a successful sale process.
There will be many choices to make as you plan for transitioning your business. Each decision is likely to open the door to several other decisions. While every individual journey will be unique, there are four key stages we encourage you to focus on as you plan for a successful exit.
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