Essential Questions to Ask as a Business Owner
As a business owner, you may reach a point where you start to seriously consider an exit strategy.
If you’re planning to sell your business within the next 2–4 years, there are some important questions you should be asking yourself. Here are a few to consider:
+ How does my business compare to industry benchmarks?
+ How will my business be affected by upcoming industry trends?
+ Am I fully optimizing my company’s potential for growth?
+ What are my exit goals and how can I achieve the best outcome?
+ Is my business well-prepared for due diligence?
+ How can I increase my company’s valuation before selling?
+ What can I do to be tax-efficient when selling my business?
+ How will a change in ownership affect my staff?
+ How can I identify and approach the right potential buyers?
+ What kind of deal structure would be best for my exit goals?
+ How can I minimize disruption to my business during the sale process?
+ Am I prepared for life after the sale?
And most importantly,
+ Who can help me accelerate the exit process and maximize the valuation of my business?
#SME #M&A #Business #BusinessOwners #Sale #Exit
