13 Business Exit Mistakes

Businesses are historically not good at mastering their own exit strategy or navigating the sale process.

Business owners simply are not prepared mentally or physically with the business exit requirements. Many stay trapped and have to walk away, just closing the doors of their business. It doesnt have to be this way!

Internationally there are a massive amount of business owners that will be looking to retire over the coming years.

In Canada, within the next 15 years, over half the small business owners will retire. In the US 12 million Baby boomers who own businesses will look to retire. In Australia, over 35% of small business owners are over 50. Collectively they control trillions of dollars.

If you are looking to Exit your Business then avoid these Failures:

Mistake 1# Failure to maintain confidentiality

Mistake 2# Failure to continue to run your business

Mistake 3# Failure to use proper negotiating techniques

Mistake 4# Failure to secure qualified buyers

Mistake 5# Failure to progress the deal

Mistake 6# Failure to place the proper value on your business

Mistake 7# Failure to properly structure the deal

Mistake 8# Failure to prepare due diligence

Mistake 9# Failure to market the sale

Mistake 10# Failure to get the right advisory team

Mistake 11# Failure to properly package your business

Mistake 12# Failure to control the Deal

Take notice of these mistakes and you will be well on the way to navigating through your Business Exit hurdles. Have these mistakes handled and make your Sale stick, attract the right buyers,and enjoy the next phase of life