This is a Former Experts Article Published in July 2009
I was talking to a business owner who advised that he was retiring in three years. His sales plan was simple, one day just stop taking new orders. It amazes me the number of small business owners that do not see the value that they have built up in their businesses over 30 - 40 years. It may not be possible to sell some businesses, particularly those that sell intangible services, but not to try is a big mistake. Selling your business can release the years of sweat and tears that you have put into the business, the customer list alone is worth money as well as the brand name & reputation. By financing part of the sale yourself through an earn-out you may be able to retire years earlier while still providing a stream of income from the business.
Business Analytics represents Sunbelt Business Brokers in the Central Alberta Marketplace. If you are thinking of retireing from your business and would like to explore all of your options please contact us. www.bizanalytics.biz
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