![Picture](/uploads/4/4/1/5/44151921/questions-to-ask-succession-planning_1_orig.jpg)
- Productize- What are you best at?
- Positive Cash Flow
- Hire Sales Team
- Stop Selling Everything Else
- Long Term Plan for Managers
- Find a Business Broker
- Tell the Team
- Convert Offer to Deal
1) Work to Recast the Financials (need 2-3 years Financials)
- Develop a Valuation
- Long Tern Vision
- RE-discover Strengths
- Re- Develop Customer Acquisition Strategies
- Get the Business to the Point where
- Profits are up,
- Business Runs more efficient
- Overhead is Down
4) Develop a list of Potential Buyers
- Strategic and Financial
6) Close