Exiting a business: what options are available?
Planning ahead for your business exit strategy allows you to have more control over your businesses future and prepare you for the changes. Here are a few business exit strategies that your business can choose from:
Keeping it in the family
This option allows you to pass the business on to another member of the family with the appropriate planning.
Selling to staff
This option means you can sell your business to your managers or employees who may be interested.
This option will allow you to put your business up for sale at a certain price and market to potential buyers.
Sell to another business
This option means your business is bought by another business who want to buy out competition or synergise.
Every business is different. You should choose your business exit based on your personal goals and preferences. If you need any advice with this, get in touch on 0800 690 6355.