Planning to Leave Your Business? How to Find the Right Buyer
Summary
Planning a business exit demands strategic foresight to ensure a seamless transition and preserve your legacy. Engaging experienced intermediaries, such as brokers or investment bankers, can safeguard your principles during the sale process. Reflecting on post-sale life is crucial; without purposeful planning, sellers may experience a void after exiting. Some find fulfillment by maintaining ties with their former companies, perhaps through periodic consultations or by serving as chairman, which can also offer financial benefits if tied to performance metrics. A successful transition hinges on aligning with professionals who respect your values and facilitate a sale that honors your vision.
Kiplinger
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