While there’s no single, prescribed path for selling your business, let us review key steps that offer a valuable framework for sellers aiming to maximize their final payout while simultaneously reducing the potential for problems down the road.
Workplace culture is like a secret sauce – you know when it’s good, and you definitely know when it’s bad. It’s the magical concoction that keeps employees happy, productive and not plotting excuses to skip the next Zoom meeting.
It would help if, to run for office, politicians had to first sweat making a payroll, struggle to deal with complex and costly maze of government regulations, and deal with the uncertainty of business cycles and global competition.
Before fancy trusts and gifting, before engaging attorneys, before buying insurance, put pen to paper to determine if your financial plan can sustain the cost.