As you start thinking about selling your business, it is important to engage with someone who can coach you. There’s a lot of value you can create over the final years before you sell.
Start asking questions like, “How can I position my business for sale? What are the levers I can start to pull over the next 1 to 2 years to really make my business attractive?”
We often meet with clients months and even years ahead. This is a form of exit planning with a transfer in mind down the road.
Business Transition Academy is a good online resource developed by Jane Johnson who offers both a web based and personal program.
Some realize they need assistance with management and growth challenges. One place to seek help is David Clough of MPower Advisors who helps owners build their teams, organization and strategy.
Surveys have found, however, that many owners don’t plan their exit and as a result may not achieve the full potential value for their life’s work.