Exiting Your Business Soon

You built your business out of hard work and long hours. You are probably thinking it is time to begin to slow down and harvest the fruits of your hard work.

You deserve to take what you have built and sell it for the highest price so you can fund your retirement; just like you planned.

How do you know what your business if worth? Well, you can go to a business broker and they will evaluate your business. However, there are many ways to value your business depending on the type of buyer you choose.

Many business owners want to build the value of their business so, they start to increase the revenues by increasing sales. However, increased sales is not everything. The value of your business depends on how long you can be away from your business. If you told your employees you were leaving for a 6 month vacation and you did not have any communications; how much would your business grow? I'm not talking about your business just "running." I'm talking about making sure your business will continue to grow without you there.

There is a process to make this happen. There are many exit options. First, you need to learn how many options you have before you can pick the option best for you. You probably want to sell or transfer the business for the highest price. Perhaps you want to make your transfer as tax efficient as possible. The wrong strategy could cost you more taxes than you realize.

There is no "one-size-fits-all" answer for your circumstance. Let's set up a quick phone conversation or send me a text to see check your options.