Part -3…Five MORE Things to Consider When Selling Your Business

Business succession management means your exit plans need to be clear in not just in your own mind, but in a written document that explains how your business operates. Working “ON” your business means working on these five things:

1.       Cross train employees

2.       Create employee manuals

3.       Understand the sales process and timeline

4.       Emotionally detach from the business

5.       Remove non-operating assets

Invest your time in building your business by talking with Ralph Berge, Cleveland business coach about family business planning.