An Exit Plan for your Business

Selling a business is tough especially when it is your first time to do so and not a lot of people to ask for advice about it. Here are some tips that might help you along the way.

  1. Time – you must have ample time to go through the process of closing and selling your business. Having enough time to think of your options before making a decision is essential.
  2. Exit strategies such as public offerings (IPO), strategic acquisitions, and management buyouts (MBO).
  3. To maximize the value of your proceeds, you might want to try estate planning, gifting, trusts and asset protection.