Simply, read up on your exit options.
Are you aware of all your exit options? You might have more options than you think.
Identify ways to protect assets and utilize tax benefits.
Prior to monetizing the value of the business, attention needs to be focused on how you manage the wealth that will be extracted
Determine if family transition is in the cards.
Determine if family transition is in the cards. Do you know the 12 questions smart families ask themselves?
Write your 2-5 year strategic plan.
Do you have a written plan that maps out where you need to be in the next couple years?
Complete a “Reverse Review.”
Complete a “Reverse Review.” An owner (and their successor) needs to know their numbers.
Gen Z…the next great generation?
There is some disagreement on Millennials and Gen Zers. Who is the better generation?
Learn how a business is valued.
You should know how a business is valued through the eyes of a buyer.
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