Jo Haigh says selling any business can cause heartache. But it’s worse when it comes to selling a family business...
W
hen it comes to selling your business, one factor
to be ready for is the matter of time. Bear in mind that however long you think it will take, it will take twice as long. It's certainly no longer unusual to take up to 12 months, meaning a deal can roll on and all the while you have your day job to do!
The starting point
You could be forced to sell because you have no heirs, but poor or great performance may present opportunities or options that mean exit is the only route.