For business owners, the idea of exiting their businesses, which for many owners define their professional lives, can seem like a gigantic undertaking.
They ask themselves, How can I possibly do all of this? Where can I go for help, and what do I need to know?
These questions are perfectly normal to ask as you consider your business exit. Further, business owners are absolutely correct in thinking that exit planning is a gigantic undertaking.
No single business owner or advisor can create and implement an exit plan alone. In our experience, most successful exit plans occur through a process of collaboration among several different professions.
It can be stressful to go someplace new without any guideposts. How can you best navigate the early stages of exit planning?
Consider the four following suggestions:
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The 2023 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.