EXITING & CASHING OUT: Selling your business to an existing partner or another party. The key is to get the most for your business by being worth every penny someone pays to license, franchise, or buy it.
Finding Your Way
Is your business really ready for someone to buy, franchise or license? What do you need to fix or add to make it more appealing and worth more? How much do you want and can you justify it? Are there partners involved and what is their role? These are just a few of the questions that you need to answer. You want to assess your readiness by looking at all seven areas of your business. Those areas are:
- Sales
- Marketing
- Financial & Funding
- Books & Recordkeeping
- Operations
- Personnel & Administration
- Intellectual Property
Top Priority: Business Value Analysis
1# Action Item
Use the BSC’s On Course Business Risk & Reward Assessment to determine what you need in order to move your business towards greater profitability. It focuses on the most critical areas of business development and success: sales, marketing and finances. Money back guuarantee.
Think Strategically: Meet with Our Experts
Contact our Client Services Manager Marsha Vanhorn to schedule an initial exit strategy meeting with business growth and development experts Jan Triplett or Dan Diener. At that meeting, we will either tell you how we can get your new business on course to sell or make other recommendations to you. There is no charge for the meeting.
