A critical truth: 100% of business owners will eventually leave their company. Yet, only a small percentage actively plan for this transition. The reasons behind a business owner’s exit can largely be categorized as either running away or running toward something new. Understanding these motivations is key to ensuring a smooth and successful transition.
Businesses are valued based on their ability to generate cash flows, and they are sold based on the expectation that they will generate future profits. The more cash flow a business can generate and secure, the more it will be worth.
Deciding when to sell your business is one of the most challenging decisions you’ll ever face. It’s a deeply personal choice, often fraught with emotions and financial implications. One practical way to gauge the right time to sell is to recognize when someone else is willing to invest more in your business than you are.
Selling your business is a monumental task, often filled with complex decisions and rigorous scrutiny from potential buyers. To navigate this journey successfully, it’s crucial to be well-prepared and ready to address the key questions that buyers will inevitably ask.
Sign up for updates on the Succession Stories Podcast, events, and resources to grow your business and develop exit strategies.
Schedule a Strategy Call
If you’re a business owner considering how to create a sellable asset or transition your company, we invite to you a 30-minute strategy call.
Click Here to