Sellers entering their first business sale (or M&A transaction) should take extra time to educate themselves. Attaining familiarity with the norms of these transactions will mitigate the risk of making a bad deal or damaging a good one. Business professionals should help you sell your business. Education and preparation will allow you to speak up when the need arises and know when to get out of the way and trust your professionals and advisers. Before choosing your exit strategy, advisers should work closely with you to consider your personal circumstances, the condition of your business and the state of the market.
#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.