Here are the final five items on our list for family business succession/ exit planning. If you have been following my blogs in recent weeks you have a developed a list of 50 things to consider when preparing to sell your business. The process takes time but I can assure you it is a valuable investment in your business and your future. Check out the list and then invest your time in building your business by talking with Ralph Berge, Cleveland business coach about family business planning. Call me 440,838.0991 and I’ll send you the entire list of 50 Things to Consider When Preparing to Exit Your Business.
1. Consider lease vs. buy for equipment
2. Total cost analysis of products / services
3. Consider selling the business separate from the real estate
4. Calculate inventory carrying cost
5. Think like the buyer
