The primary reason business owners are unable to exit their business under the terms and amount they desire is because they failed to set transition goals early enough.
As a business owner, you may feel that you may never leave the business, or it’s entirely too far into the future to be concerned with. However, the earlier you begin planning the more options you leave yourself and the more successful you will be when you are ready to be a silent owner, transfer internally, externally or to a family member. Ultimately, engaging in transition method best suited for you.
At KeyeStrategies, we’ve compiled a number of relevant statistics as a trusted Certified Exit Planner through the Exit Planning Institute, we know the difficulties business owners face and the pitfalls in transitioning a business. We’ve put together a compelling business exit infographic for you to consider when making the switch:
Thankfully, KeyeStrategies has a long history of working with companies transitioning and planning their exit! Julie often works with owners, shareholders and others involved in the transaction to create a culture of good communication, honest mechanisms, and transparent strategies to help the long-term success of these types of businesses.
Let us know if KeyeStrategies can help you.
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