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Tip #9: Business Owners should be planning for their own future.
Business owners are so busy running their companies every day, they never seem to have time to plan for exiting the business. But they can’t avoid planning for this critical time in their lives. Presenting a business for sale is very different than managing it with the business owner’s personal management style and priorities. It can take years to properly prepare a business for sale to get the highest price. Business owners should start creating an exit strategy at the earliest possible opportunity!
