It’s Business Planning Time
By Bill Quish, CEPA
Senior Managing Director, Lyons Solutions LLC
What’s your end game?
Baby boomer business owners listen up. If you intend to sell or transition ownership in your business within three years, you should start positioning your business now to be attractive to buyers. Why so soon? Well, it can take two years or more to implement actions to improve your business’ profitability and mitigate its value reducing risks. Don’t forget to add another year to complete the sale process!
This is the time of year business owners review their strategic/business plans. As boomer business owners get older, it is unwise to develop or revise your strategic/business plans without first thoroughly understanding your personal (including retirement), financial, business and legacy goals…read full blog article
If you would like to discuss how best to position your business for sale, please call Bill Quish at (860) 391-8672.
© Copyright 2011 Bill Quish. All Rights Reserved.