You may not envisage a transition this year…
- Few things are certain in business life, but there is one universal truth: Be it a carefully planned decision or the result of fate’s swift hand, someday you will leave your business.
- Your business exit and continuation plan should address, among other things, how to enhance and maximize the attractiveness and the value of your business.
- An effective value enhancement program will increase the attractiveness of your business to a potential purchaser and provide a significant return on your investment.
- You may not be foresee an exit from your business in the coming year. However, if you are planning to do something within the coming decade and would like to maximize the price you receive, you must begin your planning now.