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Do you own, or part own, a business?
If so, you may have given some thought to exiting at some point in the future. Perhaps, with your partner or family, you’ve planned what you’ll do with the time and money a successful exit could give you?
You may already be financially secure, or you may be relying on a successful exit to fund your retirement plans. Whether you need the money or not, the business you’ve built probably represents a significant proportion of your personal net worth – typically around 70%.
If it was in cash, you’d be pretty careful what you did with it.
If it was invested in a pension fund, you’d probably take a keen interest in its performance and value.
As it’s tied up in your business, it’s easy to assume it’ll provide the amount you want when you want it… which it probably can, but wouldn’t it make sense to be on the safe side with so much at stake?
Most business owners only exit a business once in their careers, so understandably have relatively limited knowledge of exit strategy and planning, the facts, statistics, opportunities, options available and potential pitfalls.
Recent research by a leading “Big 4” accountancy practice indicates most former business owners wished they’d planned more for it.
“What you need to know about exiting your business” is a White Paper providing information to help you make educated choices to secure the exit that’s right for you. We hope you find it helpful.
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