Today, there is a highly disproportionate number of boomer age business owners who will not take the first step in determining the future of their company. They would rather let a few more years roll by than start the process. Tic toc time is running out.
On the subject of selling/transitioning out of your business, there are 4 things I can assure you of:
- It will take much longer than you had ever thought. Try 5 years.
- You can't do it successfully without the right team. Likely you don't.
- There is so much to know. You don't know what you don't know.
- The lineup is getting longer. You're at the back.
So to put it off any longer will only result in either getting less than you think the company is worth or simply closing the door and receiving nothing.
Our WarrenBDC Process is a 12 step method for selling or transitioning your business.
A start and a finish. From I'd like to sell to sold.
The first step is to take a 13 minute, confidential, survey and find out how desirable your company might be to buyers.
You can click here to take it. Or would you rather not know?
It's in your hands now.
CEO, Warren Business Development Center