As a business owner, you understand that planning is often key to your success. Perhaps you already have plans in place for when the time comes to sell your business. Unfortunately, many business owners don’t or underestimate what’s required for a successful sale, so they end up exiting their business later than they expect. Over half of business owners have never had their business appraised, and nearly half haven’t put a formal exit strategy in place.
After all the time, love and attention you have devoted to your business, you don’t want to be left with any uncertainty when the time comes to sell. To get to this point, it’s important first to prioritize and understand what you need to know.