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Getting Ready to Sell

In: The Seven Sins of Innovation

Author

Listed:
  • Dave Richards

Abstract

If you don’t plan to sell your business, you should. If it’s a “lifestyle business,” it’s really a job and everyone should plan to retire from their job someday. And why not plan to maximize your retirement benefits by building something of value? All business owners should have an exit strategy from the beginning. Even if you don’t presently want to sell your business, the strategic consideration of selling will ensure that you focus on maximizing the performance and value of the business and decreasing its dependence on you, the business owner. Whether you’re a sole founder and owner, a primary shareholder, or a partner in a business, this chapter is designed to help you consider and plan for your inevitable exit and maximize the business’s valuation and therefore the gains you’ll derive from selling your stake.

Suggested Citation

  • Dave Richards, 2014. "Getting Ready to Sell," Palgrave Macmillan Books, in: The Seven Sins of Innovation, chapter 0, pages 229-237, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-43253-7_18
    DOI: 10.1057/9781137432537_18
    as

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