"Take This Exit" - Critical Considerations in Preparing for and Selling Your Business – Part I

by Lonnie L. Sciambi, Managing Director and CEO
Hamilton Capital Group, LLC, Philadelphia, PA, USA

Selling a business can be the single most important decision of an entrepreneur’s life.

But it’s more than just making the decision. It’s an emotionally charged, often deeply personal matter for you, the entrepreneur.

Your business is typically the single largest element of your asset base and estate, often with both real capital tied up and huge amounts of sweat equity invested. And it’s probably been the center of your life, with relationships that have been built with partners, employees and customers that are nearly family-like. Often, it’s not just a company that has been created, but also a culture. It not only has your imprint, but the blood and sweat of partners, employees and, perhaps, your own family.