The Pros of Third-Party Sales
After business owners have set their retirement goals and have learned what they need to do to build and protect business value, they make a big decision: Which Exit Path should I take? At the outset of Exit Planning, many business owners believe that they’d like to sell their businesses to third parties. In this post, we’ll examine two of the most common reasons business owners think about pursuing third-party sales as their chosen Exit Path. Third-Party Sales: Perceived Pros Think about some of the most successful business sales and mergers. Whether it’s Facebook buying Instagram for $1 billion or Google offering to buy Snapchat for $30 billion, a common presumption that business owners make when considering a third-party sale is that they can make the most money by selling to a third party. Typically, they’re correct: Of all Exit Paths, third-party sales tend to provide business owners with the most money, the most quickly. The First Pro: Money For some bus