At some point, you will exit your business. Next to getting married, this may be the most important decision you make. Business owners should consider seeking professional advice on how to proceed. The process is much the same for a small or a large organization. The greatest variable may be whether or not the owner is comfortable with a merger and acquisition specialist and whether or not a rapport and feeling of mutual trust has been established.
The only questions at this point are “When?” and “How?”
Consider a no-obligation face-to-face visit with Keith and make a decision with which you will be comfortable. View our website at IronsGroupLtd.com, email IronsGL2@aol.com, or phone 815-543-0693
When is the best time to exit your business? Such things as age, physical condition, boredom, or desire for a lifestyle change enter into the decision making process of owners wishing to divest themselves of their business. Internal problems, evolutionary changes, financial concerns, death of an owner, or simply, opportunistic timing to a receptive market, can all be factors in the timing of the divestiture.
Other things to consider when timing a divestiture include critical issues such as organizational life cycle, impact of the market, impact of consolidation, external factors such as economic, political, social, and technological. Internal factors to consider include current products, current markets, and the competition.
Coming up: How are mergers & acquisitions accomplished?
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