Len Hornung a financial planner, wealth manager and business exit planner for contractors.
So how do you look to the future and think about selling your business or exiting your business and what type of options do you have.
Len says that it's all about initiating a process.
Len is a big proponent of starting with the end in mind. So when should you start how about now.
Len describes the different ways on how to transition inside of your action planning strategy
One way could be to sell out right another way to could be to sell to employees and then also to sell ll or leave to your family which is a completely different animal altogether.
On average 70% of businesses that are sold first to families then to employees the balance are slod out right to just shut down
It’s kind of interesting on how you might think about setting up your business to and your exit strategy for the future.
Always thinking with the end in mind.
Two key factors in your strategic exit planning for the futu