The number one question most business executives SHOULD be asking around exit and succession planning is…
When should I start?
The best answer…from day one.
The second best answer…now.
Top 5 Reasons why 85% of all businesses listed for sale will NEVER sell:
And what questions you should be asking yourself… NOW!
1. Seller Fears and Inflexibility
How can I find out what my business is truly worth? What are the key criteria that are considered when evaluating so I can focus on growing those now?
2. Entering the Arena Without The Right Advisors
Who can I consult with that has helped other business owners successfully exit their business? What can I learn from those advisors now that will prepare me for when I’m ready to step into that arena?
3. Believing You Know Who Will Buy Your Business
What have I done to explore other potential opportunities? What if I had several potential options for who will buy my business rather than putting all my eggs in one basket?
4. Failure to Create a Plan
Why do I have a plan for vacation but not for the most critical journey of my life? What would be the most critical areas I would want to address in the plan?
5. Lack of Patience
What would happen if I had to sell my business tomorrow due to health, family or other circumstances? What time frame expectations for selling or succession are realistic? What is the process I should expect to face when I’m ready to exit my business?
The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand. – Sun Tzu, The Art of War
Turn these questions into answers by contacting us today for your complimentary strategy session.
At ActionCOACH Tampa Bay, we have successfully helped over 18 business owners transition or exit their business in the last 5 years. Contact us so we can help you start your successful exit proactively rather than waiting for urgency to hit you first! Contact us now or call us directly at (727) 786-2900 to find out how we can continue to be a resource for your business.