It’s Never Too Early to Start Dreaming About Retirement
Selling a business isn’t easy, especially if you haven't planned ahead.
Without proper planning, you risk everything. Many thriving businesses have ended up abruptly liquidating or closing down for good simply because the owner didn't plan for the future.
Take control of your legacy by planning ahead. Start evaluating your exit options now before it's too late. Selling within the family, selling to an outside buyer, and even closing down the business are all routes to consider before committing to a plan.
Employee ownership is another, often overlooked option that offers many benefits - you get to sell your business to the people who know it best — your employees. Employee ownership enables you to get a fair market price for your business, while also preserving the legacy you’ve worked hard to build. Your employees gain ownership of the business they helped create, incentivizing them to see it thrive.
Selling to your employees provides flexibility to exit on your own timeline, while avoiding the risk of having to abruptly shut down if you don't find an outside buyer. It rewards your hard-working staff with ownership and ensures your business stays in your community.
Succession planning doesn’t have to be overwhelming. Follow these three steps to start planning for your exit:
Complete this worksheet to answer key questions about how to prepare
Schedule a free consultation to start planning your exit.
Sign up for a webinar to learn more about your different exit options
Take control of your future now. Don't leave your legacy up to chance — strategize how your transition will benefit you, your employees, and your community.
Photo Credit: Proof Bakery Cooperative, employee-owned since 2021 with the support of Project Equity.
