Every business owner will eventually make the transition and part ways with their business. In an ideal world a well crafted plan will exist to ensure maximum value when the time comes. And this need not be just about selling. It could be tax efficiency to get the money out when you liquidate. Or ensuring best value for equity release or succession management. Either way, without a well-prepared strategy, your business might lose value without your involvement, leaving you and your family unable to realize the rewards of your years of hard work and sacrifice.
It is crucial that business owners contemplate the “parting ways” or ‘Transition’ as soon as they can. The timing of when you want, or need, a transition is uncertain, but undoubtedly you will have poured your heart and soul into it. Whether your business is a mature startup, a thriving enterprise, or if you are ready to wind down, the next chapter must be written and Incynergy will work with with you to get the most out of it.