The time to think about an exit strategy is before you put your business on the market. Discuss with your broker just what you want to do, retire or move on to another opportunity. This will actually have an impact on the method of payout. Many times you can get a more profitable deal if you agree to manage the business for a short time after the sale. There’s also the question of relationships with clients, vendors and employees. A broker can assist you in a strategy that leaves everybody feeling good.
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On a side note, my advice on “criticism” of any type is to remember that everyone has different taste and different expectations of what art is. That’s the beauty of art, it is unique to the perspective of the artist and some people will love it and some people will hate it. The trick … Read MoreRead More »