management buy-out

Planning Your Business Exit: What You Need to Know

Planning Your Business Exit: What You Need to Know

Aside from starting up, how you handle your exit is possibly the most important and tricky stage of your life as a business owner. Too many owners spend years carefully growing their business – only to mess up their exit plan and see their hard work go to waste. This article is intended as an introduction to exits for business owners, and should be a helpful starting point when putting together an exit plan. We cover how to plan for an exit and set your objectives and the different ways you can actually exit a business. You will then learn how to perform specific types of exit, namely trade sales, management buy-outs and handing over the reins to a family member. How should I plan for an exit? Start early. When you started your business, it’s likely you had an eventual exit in mind, ... »