Exit Strategy by Graham Watkins
A practical guide to selling your business.
How to sell your business for the best price and ride into the sunset!
An exit strategy is like an endowment policy. Start yours now and you will get a great bonus in years to come. Leave your exit planning until later and you will live to regret it
There are over 5 million private limited companies in the U.S. and UK, but many business owners spend years learning how to run and grow a business, yet fail to plan how to sell up and exit. The cost can be significant, leaving owners unable to capitalize on their most valuable asset, the business, and squandering years of hard work.
Planning, preparation, recruiting good intermediaries, finding a quality buyer, negotiating the best price, dealing with accountants and concerned staff and avoiding potential traps – issues that require careful attention are all examined in Exit Strategy. Plus the advantages and disadvantages of options such as flotation, management buy out and straight sale of the business are explored.