Planning an exit strategy from your business can be a challenging transition both physically and mentally. Inadequate planning can make it even more difficult and in some cases, even set a business up to fail after your departure. Whether your succession planning includes an outside buyer, a merger or acquisition, or you are passing your business internally to a predetermined individual or family member, it is a process you want to approach thoughtfully and strategically.
In the video below, MFB managing partner Tom Terry speaks about both the physical and mental transitions that should take place as part of a successful exit strategy.
- Reduce your company’s risk and protect your employees future
- Generate buyer interest
- Increase valuation for owners/shareholders
Protect your company and your employees!