Business Transitions

If you are a business owner today, I guarantee that you will exit your business at some point. The question is how will you exit it? Will you sell it or give it away, which is usually under your own terms. Will you shut it down or does it become part of your estate? These options are not usually on your terms. One way or another, you’re going to exit the business.

The most desirable ways to move on would be to sell the business or give it away, if you are so inclined. Of course if you love what you do and really have no desire to spend your time pursuing other interests, then working until your last day on earth might be your definition of happiness, but that’s usually not the case.

Being a business broker, I’m biased when I tell you that selling your business is by far the best way to exit it. Having said that, most people have never bought or sold a business and most never will. If a business transition is in your future, one of the very first steps should be to educate yourself, so I commend you for finding this website and learning more about the process. 

There are hundreds, if not thousands, of websites regarding this topic. As an insider, it’s very easy to spot the biases in the vast majority of what you will find written on the subject but that may not be the case for a layman. I won’t deny that sometimes my biases will come through too but I will strive to keep that to a minimum and disclose to you when I’m sharing a biased opinion. The best advice is not to rely on only one source for information and if you read contradictory information do not assume one is wrong or right. Deftly navigating through the world of business brokerage is a matter of both art and science. Although some issues are black & white, some are definitely grey.

As this is the first blog on this site, there isn’t much information here yet. Feel free to send specific questions and not only will I reply to you directly, I’ll also populate this site with the answers to your questions. 



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