What can exiting from your business mean to you? It can be as emotionally difficult as a bankruptcy or forced liquidation or it can be a planned sale with all debts paid, money for retirement and peace of mind. Planning for succession means you should plan to sell when the sale will provide the funds necessary to retire or move on to a new opportunity. It can also be passed on to your heirs, employees or partners with proper pre-planning to fund the sale.
Ralph Berge is an Ohio Business Coach who helps business owners plan their succession management. “Succession management is an exit strategy that simply means you have planned your transition and you are ready to take advantage of the options available to you’ says Berge. Call Ralph Berge, Business Coach 440-838-0991 to get moving on your business exit strategy.
