The Beringer Group Answers, "What is my exit strategy? Do I have successors? Interested buyers?
Question #2 of the 6 Key Questions to Ask When Planning for Succession
There are several ways to exit your business. One way is by being acquired by or merging with another company. Being acquired or merging with another business can be a profitable exit strategy for businesses and entrepreneurs. The Beringer Group has helped hundreds of clients find suitable buyers with our free business valuation.
Another way to exit is by passing on the business to a family member. Although this sounds straightforward, it can get quite complicated. This exit strategy, however, is a great way to put your next generation in a prominent starting position, as well as possibly providing many tax breaks for your company through the estate planning process that may take place for the company to be passed along
Click here to find out more: https://theberingergroup.com/news-and-insights/6-key-questions-to-ask-yourself-when-succession-planning
Many business owners are blinded by the illusion that “If my business is successful now, it always will be.” When business owners allow this illusion to cloud their judgment, they are only hurting themselves in the long run. Although your business may be thriving presently, have you considered the future? What about retirement age? Is potential competition outperforming you? Are technological advancements surpassing your capabilities? Questions like these demonstrate the importance of starting succession planning now.
The Beringer Group, one of AHTD’s newest Strategic Business Partners, is dedicated to ensuring you and your business are prepared for any challenges that come your way. As a new monthly series, the Beringer Group will guide AHTD’s members through the 6 Key Questions to Ask Yourself When Succession Planning.
Check next month's AHTD newsletter for Question #3
If you can't wait reach out to us, we would be happy to have a conversation.
theberingergroup.com
There are several ways to exit your business. One way is by being acquired by or merging with another company. Being acquired or merging with another business can be a profitable exit strategy for businesses and entrepreneurs. The Beringer Group has helped hundreds of clients find suitable buyers with our free business valuation.
Another way to exit is by passing on the business to a family member. Although this sounds straightforward, it can get quite complicated. This exit strategy, however, is a great way to put your next generation in a prominent starting position, as well as possibly providing many tax breaks for your company through the estate planning process that may take place for the company to be passed along
Click here to find out more: https://theberingergroup.com/news-and-insights/6-key-questions-to-ask-yourself-when-succession-planning
Many business owners are blinded by the illusion that “If my business is successful now, it always will be.” When business owners allow this illusion to cloud their judgment, they are only hurting themselves in the long run. Although your business may be thriving presently, have you considered the future? What about retirement age? Is potential competition outperforming you? Are technological advancements surpassing your capabilities? Questions like these demonstrate the importance of starting succession planning now.
The Beringer Group, one of AHTD’s newest Strategic Business Partners, is dedicated to ensuring you and your business are prepared for any challenges that come your way. As a new monthly series, the Beringer Group will guide AHTD’s members through the 6 Key Questions to Ask Yourself When Succession Planning.
Check next month's AHTD newsletter for Question #3
If you can't wait reach out to us, we would be happy to have a conversation.
theberingergroup.com