“I want to get out of my business”
Let’s face it: none of us are getting out of here alive. And if you’re like most business owners you’ll want to get a maximum return on your time and financial investment to date not to mention the love, sweat and tears you’ve poured into your business.
The question is: what is your business exit strategy?
There are a number of options available to you including:
- Getting your business into a position where is can run independently of you being there enabling you to take passive income
- Using your business as a vehicle for you to generate excess profits for you, the owner, that you then re-invest your personal financial future such as when you retire
- Selling your business for the maximum amount possible by developing a business that demonstrates a predictable future profit stream for your buyer
- An internal sale such as a management buyout or an ‘earn out’ to a family member
It may be that you are unclear about what you want in your long-term future or it may be that you know what you want yet can’t see how to achieve it. When you work with a business coach we show you how to develop your business systematically so that it produces predictable profits which is what your buyer is really looking for. We have a number of tools in our toolbox specifically aimed at helping you to sell your business.
Start your business exit planning: book an initial free session to explore how to generate passive income and maximise your business value.