2. It's difficult to predict how or when you will
retire from your company. You can,
however, plan what will happen once you
do
3. A business valuation should be a
top priority if you plan to one day
sell your organization. This is an
excellent way to ensure that you
receive a fair price.
4. An analyst will assess the
financial state of your company,
the current market and the
overall strengths and weakness
of your organization.
5. With this information, you will be able
to make the proper improvements
internally to maximize your profit and
enhance the value of your business
ahead of time.
6. This may include paying down
debts, cutting staff, implementing a
better accounting system to reduce
overhead or divesting businesses
that are poor-performing.
7. The analyst will also make future
projections of cash flows, which is
another important factor when
setting the sale price.
8. It's important to consider all possible
scenarios when planning your exit
strategy, including unplanned
circumstances, such as an illness or
injury.
9. A consultant from CBS
consulting can assist you with
developing a sound exit
strategy.