Thinking of selling your business or stepping away? A strong exit plan can help you maximize value and ensure a smooth transition.

Start Early
Plan at least 3 years ahead. Use that time to strengthen revenue, improve profitability, and create systems that allow the business to run without you.

Think Like a Buyer
Buyers want consistent cash flow, clean financials, and a trained team in place — not a business that relies on you for everything.

Understand Your Value
Most small businesses are valued at 1–3x Seller’s Discretionary Earnings (SDE). Know your numbers and what drives your valuation. If the math doesn’t meet your goals, improve earnings or cut costs.

Get Financials in Shape
Switch to accrual accounting, align your P&L with tax returns, and consider a professional audit. Well-documented, transparent finances build buyer trust and support financing.

Document & Delegate
Build a team that can lead in your absence and document procedures for consistency. Buyers want a business that’s ready to hand off — not just a job with your name on it.

Planning your exit is just as important as starting your business. The earlier you begin, the more control you’ll have over the outcome.

🔗 https://www.bizbuysell.com/learning-center/article/exit-planning-business-owners/?utm_campaign=seller_biznews_020224&utm_medium=email&utm_source=bizbuysell

#BusinessForSale #EntrepreneurLife #BuildingValue #BusinessOwner #BusinessTransition #SmallBusiness #Entrepreneurship #BusinessStrategy #BusinessGrowth #SellYourBusiness #BusinessPlanning #SmallBusinessTips #RealEstate #CommercialRealEstate #HamptonsRealEstate