Planning your exit from your business
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:
- Getting your objectives.
- Getting into shape for an exit.
- The different exit routes available.
- Planning for trade sales, management buy-outs and family succession.
