Start With Your Objectives
“If you don’t know where you are going, every road will get you nowhere.” – Henry Kissinger
When it comes to planning a transition, it important to understand the reasons for the transition, as well the objectives to be achieved.
Objectives may also be in conflict with each other. For example, exiting as quickly as possible is generally not conducive to maximizing transaction revenues.
The more thoroughly you have defined and prioritized your objectives, the higher the likelihood of achieving them.
Did you know that selling a business is not the only form of transition? In fact, there are at least fourteen ways to exit a business. The next section discusses the Fourteen Ways to Exit Your Business.
For a more personalized approach, we invite you to schedule a no obligation phone consultation with one of our experts. Tap into the experience of a company who has helped business owners address various issues such as intergenerational transfers, joint ventures and value enhancements.