After determining your priorities for selling your business, you can plan to execute a transaction which achieves your goals. You should work with your advisors to develop reasonable expectations about how to achieve each of these ends and which ones you are willing to sacrifice. The general rule is that the best time to sell is when your business is thriving and generating cash without being overly dependent upon your services to the company. You will need to implement the optimal sale process at the right time, identify the right buyer and command the right price. #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.