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My colleague, Nick Palmer, recently wrote an interesting blog about the importance of planning your business exit strategy. Nick quoted some fascinating statistics from the 2017 Armstrong Watson Family Business Insight:
The Armstrong Watson Corporate Finance team has worked with many business owners to plan and implement their exit strategy. Whether you envisage passing your business on to the next generation, selling to a third party or the existing management team, early planning with a specialist advisor always pays dividends.
We would even argue that planning can help many of the 10% who anticipate their business will cease on their exit. There are nearly always steps that can be taken to make a business an attractive proposition to a future buyer.
There are many considerations to address when planning for future exit:
Armstrong Watson’s Corporate Finance team have the skills and experience to guide you through these decisions and to achieve your exit whether that be to retire and reap the due rewards of years of hard work or to move on to another business venture.
Have you planned your business exit strategy? We know through our experience that the sooner you start plans for your exit, the more reward you will achieve. The Armstrong Watson Experience team are ready to help you with this journey.WE'D LOVE TO HEAR FROM YOU
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