It’s not just about your exit someday. Businesses that are ready to be sold are:
Profitable and growing. Obviously.
Scalable. The business has the capacity to grow continuously, regardless of the owner’s participation. That means that it is process and system – centric, not owner-centric.
Durable. The business is resilient to the loss of key people and the loss of key lines of business.
These things all demonstrate that when the owner exits, the business can continue to operate profitably and smoothly. That reduces the risk to an acquirer, which supports a higher premium. It also means that, while you still own it, you have the ability to work fewer hours and take longer vacations. In other words, you own the business instead of the business owning you.
Start the process today, and engage a competent business coach to speed it along.
Go get 'em
Ingar
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