By planning in advance for something that you know will be needed in the business succession planning process you will make the due diligence period go faster and make everyone’s life easier during the stressful time of the business transfer. Add these 5 things to your exit planning list:
1. Diversify your customer base and products
2. Create a list of growth opportunities that have or have not been pursued
3. List strengths and weaknesses
4. Consider outsourcing some services
5. Create database of past and current customers
