"Every day news of big Initial Public Offerings and acquisitions is reported in the press. However, that is only representative of a sliver of the successful exits American businesses experience. A career as an entrepreneur probably lends itself to having an exit strategy always back of mind. However, most businessmen and women do actively decide the legacy of their business at some point, and it is important to be mindful of the options and their pros and cons.
Bequeath it to family or friends
Many successful businesses live on after their founder through their children. If you leave your business to your family, the advantages are obvious in that you do not need to do much due diligence. You already know the future owners and their skills. The biggest con is that families often disagree over legacy bequests, which can make the business, and people close to you suffer."
Read more at:
Exit Strategies for Business Owners | BusinessNewsDaily.com:
For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.
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