What is involved when you begin thinking about selling your business? What should be considered? What could get missed?
The right time to begin planning for selling or transitioning the business you created to the next generation – or the next owner – is as soon as you begin thinking about it.
Many business owners wait until the last second before beginning to strategize on what selling the enterprise could look like, or what they should do with the proceeds. By then they’ve missed many of the optimal planning opportunities they could’ve capitalized on had they started a few years earlier.
In this video, Jeff Hector, Spencer Rolls, and Brittany Adamson of Legacy Family Office at Assante Wealth Management outline some of the issues, concerns, and strategies that entrepreneurs should consider when they are moving towards selling the business they built.