It is an unpleasant reality that some of the business sellers we meet are coming to the business market because they have been forced to sell, and sell now. When circumstances force a sale – like a sudden illness, a family emergency or a personal issue like a divorce – the consequences of being unprepared for that sale can be serious. Many desperate sellers are forced to take low offers or forced to list their business for less than it would be worth had they had more time. In the worst of cases, the sudden need to discontinue as owner means the doors of the business must be closed for good.

Any good business plan comes equipped with an exit strategy, but many small business owners get so swept up in the seemingly endless responsibility of running a business that they leave this crucial part of planning until it is far too late.

How do you stay ahead of the game and prevent taking a loss or closing the doors if life suddenly forces you to sell?

Run your business like you are going to live forever and you need to sell tomorrow.

Why do I need to run my business like I’m going to live forever? Business owners who have one foot out the door invariably let important aspects of their businesses slide, and these neglected elements will always impact the bottom line. If you always act like you will live forever, then the future and longevity of your business will always remain your goals.

Why do I need to run it like I’m going to sell tomorrow? If life does get in the way of your best-laid plans and you have to sell suddenly – having your business ready to go (staying on top of general maintenance, keeping well organized financial records, etc.) will allow you to get the best possible return on your investment.

Are you a business owner who has never considered an exit strategy? Do you have questions about how the process of selling your business works? Contact us or leave any questions/comments here, and we will be happy to help.

Michael Monnot

941.518.7138
Mike@infinitybusinessbrokers.com
12995 South Cleveland Avenue, Suite 249
Fort Myers, FL 33907

https://infinitybusinessbrokers.com