• Most Business Owners make more out of selling their business than they do through annual company profits. 
• The majority of business owners do not think strategically about their exit from the business...they just sell when they have to or wait until it is too late and the business fails
• Research suggests that there is a high probability that developing an exit plan 12-36 months prior to selling the business will dramatically increase the value of the business and the ultimate net proceeds that the business owner(s)will receive.
• The Exit Plan should consider market, personal and business cycles matched against personal goals and expectations. 

• The best time to sell/ transfer the business, taking into account
  • Personal timing
  • Business timing
  • Overall marketing timing issues
  • To whom and for how much. This should take into account the net proceeds that will be received by the owner(s)
  • Details on what will need to do be done to ensure that this transition will occur successfully.
  • Details on life after exit and personal goals and lifestyle and expectations.

To learn more about succession planning, check out my blog posts:

If you dislike talking about estate planning, you will exponentially dislike talking about succession planning.

I have a workaround. Rather than looking at succession planning as the end game where you are looking at life

passing you by and loss of one's purpose, take a fresh look...