The Perfect Timeframe for Preparing a Company for Sale

Christopher Walker No Comments

A lot of business owners frequently put their blood, sweat and tears into a business over many years with the hope of giving a good existence for their family members and one day retiring on the heels of selling their business. Tens of thousands of business owners will make the decision to sell this year. Unfortunately, a great number of business owners will be behind the proverbial eight-ball if succession planning enters their thoughts for the first time at the moment they make a decision to sell. In reality, owners ought to start planning their exit from the first day of operations. Five years before the sale is the second best response as it will give owners the time necessary to bring their business to a valuation level required to obtain their retirement targets. At the very minimum, business owners need to think about their business exit planning three years before they want to sell. Read More

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