Exit Strategy: Preparing Your Company

“You only sell your company once” is a phrase founder/family-owned business leaders often hear before embarking on a major liquidity event. It demonstrates the enormity of the undertaking to effectively sell a business. Ensuring your company is prepared for a sale is crucial to any exit strategy, and should be considered long before beginning a sale process. This article outlines key questions that business owners should expect and aspire to have answers to leading up to a liquidity, followed by four critical focus areas that are important for them to consider.

As business owners prepare their companies, it’s also crucial to have a strategy that prepares themselves and their families for the sale and exit.