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How to exit your business

About a dozen Lamorinda Entrepreneurs met on Tuesday, February 22, 2022 to discuss different ways to sell your business. We covered everything from the financial and legal to the emotional and logistical considerations that entrepreneurs should consider before making this decision.

What will you do afterward? Will you still need to work? Is it possible to do a slow transition to a key employee or family member? What happens if that person is no longer able to continue with the succession plan?

These are questions with no easy answers! And in the discussion, we realized that everybody's calculation is different. We all have different needs, different financial goals, and different resources to put into the business.

The first step, though, is to find a buyer and find out what your business is worth. Here's a list of business marketplaces provided by member Kal Deutsch to help get you started.

Good luck!

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