Do you foresee selling your business in the next 3 to 5 years? Have you considered what you might need to do to maximize the value of your business? The most recent stat I read was that 75% of business owners didn't reach their financial goals at the sale of their business? Are you nervous that you're going to be one of those statistics?
One of the most important (and difficult) decisions a business leader has to make is how to exit his or her business. Yes, I’m talking about the business that you have built up over many years. The one that is home to your blood, sweat, and maybe even tears. And now the time has come to make that decision….Do you sell, merge, or transition to the next generation?