Transitioning the ownership of your business may be the most important financial event of your life. Don’t trust this critical process to just anyone. The professional team at Utah Business Consultants has many years of business brokering experience.
Every Business Needs an Exit Plan – Exit Strategy Planning is based on the simple premise that eventually every owner will leave the business. Business Exit Planning is a proven process designed to allow an owner to identify and achieve specific personal, financial and estate planning goals.
What Is My Business Worth?
It is important for every business owner to understand the factors that create value in a business whether you are currently considering selling your business or if that event is still many years in the future. Waiting until it is time to sell your business before creating an exit plan is risky.
FACTS About Selling or Buying Your Business
Studies indicate that 95% of established businesses that are resold succeed.
More than 65% of business owners have no idea what their company is worth.
85% of business owners have no exit strategy.
80% of new businesses fail in the first three years. Buying an established business can provide an established customer base and cash flow.
89% of business owners will rely on the proceeds of selling their business to fund their retirement.