From Entrepreneur to Retiree: Boosting Your Business' Value
Summary
Business owners planning retirement should maximize their company's value to secure a comfortable future. Key steps include obtaining a professional business valuation to understand its worth, implementing efficient systems to ensure smooth operations, and developing a succession plan to facilitate a seamless transition. Additionally, diversifying the customer base can reduce dependency on a few clients, and maintaining accurate financial records enhances transparency for potential buyers. By proactively addressing these areas, entrepreneurs can significantly increase their business's appeal and value, ensuring a more secure retirement.
Kiplinger
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