We’ve all heard the saying, “Fail to plan, plan to fail.” This is extremely pertinent if you’re thinking about transitioning your business. Many owners focus solely on the exit transaction itself without spending the time to properly prepare for it. Transitioning your business can take many forms, from passing to a family member to selling to a strategic partner. 这里有一些事情需要考虑 之前 你过渡.
你准备好离开了吗?
Many business owners fail to consider what they’ll do after a transaction. Do you plan to continue to work in the business? 要多久?? 你向谁报告工作? If you’re no longer the owner, then you will NOT be in charge. If you’re not present, is existing management prepared to run the business? 你会怎么做??
你制定好你的财务计划了吗?
在任何交易之前, you should evaluate your finances and create a personal balance sheet with a lifetime spending plan. 退休需要多少财富? What kind of lifestyle to you plan to have? 你考虑过医疗费用吗? Don’t forget to update your estate plan to take into account personal and charitable bequests.
你的生意值多少钱?
Sure, you may have an idea of the value of the business. How can you best position the business for maximum value extraction? 你的最佳选择是什么? 那么非经济方面的考虑呢?
The decision to turn over your business to someone else is a difficult one. Think about your goals 之前 you proceed, then “Plan your work and work your plan!”