Entrepreneurs should learn this valuable lesson: to effectively prepare for the sale of your business you should begin planning on day one. Mistakes at the founding of a business can have expensive consequences when it comes time to exit the business. The longer you wait to plan for your sale, the fewer alternatives you may have for structuring your exit.
#sellingyourbusinesswithdavidking
Selling a business is the American dream, the pot of gold at the end of the rainbow, the reward for years of hard work. Successful entrepreneurs make countless sacrifices in hopes that they would someday reap the benefits of their labor and live a new life of vacations, recreation, and prosperity.
You only exit your business once, so you should feel confident passing this milestone. A successful business exit reflects the preparation done beforehand. Failing to plan is planning to fail.
The owner of a privately held company has several alternatives on how to exit their business. In the absence of an exit strategy, events will inexorably dictate the final exit plan. A costly involuntary exit may be caused by death, disability, divorce, disagreement, or distress.
Selling Your Business with David King will help you take control of the sale process and make it positive one.