Business succession is the process of choosing someone to take over your business, and developing a plan to make it work. While lots of business owners overlook business succession planning until the last moment, it’s a critical part of ensuring the future success of the company.
Are you considering selling a business? If so, it’s critical to ensure you’re following the proper steps. Not only does this help cut down on the risk that you’ll miss something important, but it can also streamline the process for you and your co-founders.
For many entrepreneurs, selling the business they created is the ultimate goal. Even though selling a business is common, it can be a tricky process to figure out. Not only are there dozens of factors to consider, both internal and external, but selling a business is an intensely personal decision. Fortunately, this guide will provide you with the help you need.