Buying or Selling a Small Business? Make Sure You Plan Ahead
At one time or another, just about every small business owner considers either buying another company or selling his or her own. Sellers need to start planning an exit strategy several years in advance of a potential business sale. According to an IBBA study, retirement continues to lead as the number one reason for selling a business. As the baby boomer generation exits the work force there will be increasing opportunities to purchase established small businesses. Whatever the case may