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