It Pays to Plan – Understanding The Transaction Process & Timeline

In an ideal world, business owners begin the exit planning process 3 to 5 years from their desired sale date and work with key advisors (wealth advisors, CPAs, legal counsel, etc.)  to build out a plan that aligns with the owner’s goals. This ranges from hitting a target sales price to fund retirement to finding buyers who will take care of the current company staff. Understanding the exit process will help allocate resources to the most pressing issues that influence the valuation and best support a successful transaction.  

In subsequent blog posts, we will jump into the top three consideration areas – cash flow, business risk, and growth potential, but first it’s critical to comprehend the key steps in planning to sell a small/mid-size business. To download the PDF of the timeline, go here

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Since 2005, we’ve helped hundreds of business owners make the biggest change in their career—shifting from owning a successful, privately-held business into a relaxing, passion-driven retirement. Meet the experienced team behind the work.

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