Succession and Exit
Exit this way – Broker News February (2012)
When should you start thinking about how to sell your business? – The day you start! Whilst technically speaking you could sell your own business in 6 months, if you want to maximise the price you get, 3 to 5 years of planning and preparation is ideal. Craig West has identified 9 key steps to succession planning; develop a strategy, Maximise the value of your business, choose your successors, implement an equity matrix, secure funding, allow time for a smooth transition, gain expert tax advice, communicate with staff and gather a team of quality advisors to help you sell your own business.