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10,000 Boomers a Day Hit 65: What This Means for Exit Planning

 
  Michael K. Menerey, Partner, CFO Edge, LLC  
   
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  Article Summary  
Of the 10,000 baby boomers turning 65 years old each day, many are business owners who are planning to exit their businesses in the relatively near future.

Because of the accompanying surge in the number of closely held businesses going up for sale, business owners should begin planning their exit strategy now.

Reviewed in this article are ten critical factors that should be taken into consideration.

Areas addressed include intended buyers, business goals in the years preceding the sale, financial statements, your post-sale personal strategy, and more.

Also identified are the professional advisor roles that should be on your exit planning team.

Successfully elevating your company above those of competing sellers is closely tied to both creating the right advisory team and writing a comprehensive business exit plan.

An owner contemplating the sale of his or her business can benefit greatly from talking with an outsourced CFO services provider who has a proven track record of successfully preparing businesses for sale and obtaining maximum sale value in the transaction.

For a comprehensive review of exit planning, you’re invited to download our complimentary white paper by clicking here:

Planning a Business Exit

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