Unfortunately, procrastination may be all too common among business owners... NOT a good trait for those considering selling. The Exit Planning Institute (EPI) estimates that 4.5 million businesses will go to market over the next decade. However, only 20 - 30% may actually be sold according to Christopher Snider, EPI CEO. Recent surveys of business owners by EPI reveal that many have little to no exit planning in place.
Platinum Financial Planning; jmarkmiller.net |
- What will you do after the sale?
- Can you replace the income from your business?
- Does your business enjoy a healthy advantage in the marketplace?
- Who are potential buyers?
- What are possible obstacles to a sale?
- Are you able to run the business and participate in the sale process?