By: Patrick Ungashick
Selling your business to an outside buyer is one of four possible exit strategies. Review here all four exit strategies, and determine which one is right for you. Being an "Outie," as we call owners with this strategy, presents many rewards. Sale to a third party may create financial freedom, validate your years of hard work and sacrifice, and launch a legacy as the business continues forward because of your efforts and accomplishments.
Selling a business for top dollar, with minimal taxes, while fulfilling your business legacy, takes hard work and preparation. Owners cannot afford to be surprised late in the game and realize they are falling short of meeting the conditions required to successfully exit via sale. In our experience, there are four absolutely essential conditions the Outies must meet in order to achieve a happy exit.
Our free tool is a simple checklist to guide you through these conditions. Use the checklist to evaluate how prepared you are, and to identify actions that will help you achieve a successful exit.