Considering Selling Your Business?
If you are a business owner considering selling or exiting your business, here are a few things to keep in mind:
- Start planning early: Exiting your business is a process that can take several years to complete. Start planning your exit strategy well in advance so that you have time to prepare your business for sale and find the right buyer.
- Get your finances in order: Potential buyers will want to see your financial statements and other important documents to evaluate the health of your business. Make sure your financials are accurate and up-to-date.
- Determine the value of your business: Understanding the value of your business is critical when selling it. Consider hiring a professional business valuation expert to help you determine the fair market value of your business.
Remember, exiting your business is a big decision and should be carefully considered. Take your time and seek advice from professionals to ensure successful sale.
Register now for a seminar on “How to Develop a Sound Business Exit Strategy”: https://www.wtcwinnipeg.com/events/navigating-the-road-to-retirement/ presented in collaboration with the World Trade Centre Winnipeg.