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How to Sell a Business: Transitioning out of a Business

October 5, 2016 by Tony Brown Leave a Comment

Many business owners assume they can cleanly break from their company after selling. However, successfully transitioning out of a business takes planning…

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How to Sell a Business: Transitioning out of a Business

There are many ways for business owners to transition out of their businesses.

Although most business owners assume they CAN and SHOULD make a clean break, that is not easily achieved and it may present problems for everyone.

When business owners want to sell and retire, they don’t necessarily want to stop working instantly and completely, and it may not be good for them to anyway. Sudden retirement can be traumatic and bad for the health and wellbeing of business owners. Some lose their purpose, become disoriented and bored, and even die soon after retirement!

A sudden exit can also be bad for the business and even prevent buyers from proceeding.

In this video we explore a really good way for owners to transition out of their businesses to achieve the best possible outcome for themselves, the new owners, the employees and for the business itself.

If you found this video helpful, we’d appreciate a share and make sure to leave a comment!

Head over to tonybrown.net/subscribe to register for all our new video updates, and be sure to check out our complete ‘How to Sell a Business’ series for plenty of other tips and strategies for improving the outcome of your business sale process.

— Related Content —
– Retain Key Employees During a Business Sale
– When to Tell Employees (and How to do it!)
– Exclusive Engagements: Should you go Exclusive?
—

Filed Under: Selling A Business

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