Planning a Long-Term Exit Strategy Smart business owners plan ahead. Succession planning or an exit strategy should be a part of every business owner’s portfolio. Whether you are thinking of selling your business during the next year or ten years from now, planning is...
Issues in a Short-Term Exit Strategy Are you thinking of selling your business within the next year? Gleaned from our professional experience, here are three areas for you to consider: people, documents and process. Who are the People I Need? The savvy owner will...
Process for Selling a Business C. G. Reicher Associates provides a methodical, step-wise approach to transferring business ownership. While every transfer process is unique, here is an overview: Preparation Understanding owner’s objectives and the company’s...
Avoiding Hazards When Selling a Business When selling a business, be aware that the following areas can be hazards to closing a deal: Price The asking price must be fair and reasonable to both sides—the most common reason that a business does not sell is because the...
7 Common Errors When Selling a Business When selling a business, entrepreneurs often underestimate the amount of preparation needed for a satisfactory outcome and overestimate the value of the entity. Here are 7 errors to avoid when selling your business: Old or...
