Succession Planning Preparing to Sell Your Business: Part 2
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BY NICOLE LEINBACH REYHLE
reparing to transfer your business can be a daunting process but it will be less so with proper advance planning. In Part One of this two-part series, we looked at the importance of starting the planning process early, determining your reason for selling, understanding your business revenue and profit, and accurately estimating the value of your business. Additionally, we shared insight about the value of external support during the succession process and resources to consider using. Having these details confidently in place can help you move ahead with the next steps in succession planning.
42 Smart Retailer MAY/JUNE 2022
