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Exiting from a business

As a business owner you will ultimately be faced with the question of what to do with your business as a result of age, illness, or just wanting a change of direction.

A range of options to exit the business exist including:

Sale to employees.

Sale to a competitor.

Sale to a larger business.

Sale to your children or relatives.

Whether to retire totally from the business, and move on to other business interests.

Whether to retain a role in the business.

Because your business often means more to you than just money, these questions are challenging.

If you do not plan for succession you may only be able to exit from the business for a great deal less than if you had planned.

It is never too early to consider and plan your future.


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