Tip #155: Begin the Exit Planning Process Now

Tip 155 There are few businesses that are really ready to sell to get the price that the owner would like. That is why business owners must have an exit plan. It can take months or even years to complete the steps in the plan. It starts with getting a business valuation and then a complete review of the operation, its markets, and the future of the industry. Business owners must start the process now by meeting with a business broker or mergers and acquisitions advisor to find out what it will take to ultimately meet their objectives.