No one wants to leave a mess for their family. They want to leave a legacy. What will you leave?
“I’m not going to exit for years. Maybe never!”
“I’m not going to exit for years. Maybe never!” There are two big problems with these common statements. I’ll take the easy one first
1. We are all going to exit our business. One of the “5Ds” is inescapable (death), and by not preparing your family and business, you leave a mess as your legacy. It doesn’t have to be that way.
2. Yes, you are doing a lot right now, so why bother taking on the extra work to prepare for an exit? Imagine your current workload AND gathering documentation, preparing your team for a change, talking daily with your M&A team, meeting with prospective buyers, and then following up on their information requests. Not fun, and it’s almost guaranteed your business will suffer, lowering the value.
"I can't do this now."
If that makes sense, but you see it as a long-term problem, consider the fact that an exit-ready business is easier to run and more profitable.
If that is one of your immediate goals, then you’ll want to connect with me now.