E-Focus - Exit Planning - No Time Like the Present

Steve Gilroy says now is the best time to start planning your exit.

While most business owners spend years or decades building up their business, the majority will spend only a few months, or just weeks in some cases, preparing for the sale of their biggest asset.

In the current environment, many entrepreneurs are focused on how their world has changed and delaying decisions about selling or exiting while they wait for 'things to improve'. But if you're serious about selling your business and achieving your exit at some point in the future, there's no time like the present to be putting effort into preparing for a successful exit.

All too often, business owners are ill-prepared for a good exit, on their terms, with a conclusion that they are satisfied with. In fact, getting ready for a successful exit involves some simple steps which, if done well, will attract more potential buyers, lead to a smooth transaction and maximise the amount you will realise for your