Selling or transitioning out of your business can be a complex process from both a financial and personal perspective.
Every business owner has a unique relationship with his or her company, which includes people in the community, family, employees, and others who have ties to the business. Additionally, each owner has a unique set of circumstances when it comes to their finances.
Here are four questions to ask yourself before you transition out of your business.
1. How much will I need to net from the sale of the business to meet my personal
2. What is my business worth?
3. How much am I likely to net from the sale of my business?
4. How much time do I need to sell my business and achieve my goals?