Many owner-managers put in a lifetime of hard work building their business only to throw away some of the rewards by failing to consider properly how they will exit from the business - both financially and as a manager.
It is vital to begin planning an exit at an early stage if it is to be a success. This briefing is aimed primarily at businesses run by a management team, but will also be useful to a sole trader with no employees. It covers:
Setting your objectives.
Getting into shape for an exit.
The different exit routes available.
Planning for trade sales, management buy-outs and family succession.
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