Business owners often say they’ll “exit when the time is right.” In reality, unexpected circumstances often drive the timing and terms — and not to the business owner’s advantage. You can avoid this situation by starting to prepare now for your eventual sale. If you actively build your business around value and not just revenue or profits, you are free to choose your timing and negotiate your terms. To get you started in the right direction, I recommend a recent article from the Forbes Coaches Council. It identifies nine value-building actions that will make your sale more profitable. To read it, click here.
If you’d like to discuss how a growth strategy can position your business for a successful sale, contact me at 214-454-9051 or firstname.lastname@example.org.