Some time back I published some thought starters for those of you who want to get out of your business: retirement, diversification, bored, for whatever reason. Now that our new web is open for business, some of you have asked for that series to be re-published. Here’s the first in that 5-part series, written for those of you who want to sell to someone you don’t already know today.
If you want to sell your business in the next year and expect to get top dollar for it – you’re already too late. Virtually every business needs some preparation to get the best price. The time to start planning is 2 to 5 years ahead of time. So you can:
That may not be good news for the over-anxious or under-prepared, but there’s a silver lining. The opportunities should continue for a couple years, so if you start now you could be just fine. If you wait a couple years before you start, good luck. You’ll need it.
Next post: passing it down the line. Stay tuned.