An event is defined as something that happens or is regarded as happening. It is the outcome or result of something. Its occurrence is localized at a single point in time.
The sale of your business does not just happen and it does not just occur. It is the result of a process. The sales process alone takes 6 months to a year and the planning process could take years before that!!
One of the biggest misconceptions about selling a small business is that it is an asset that can be easily converted to cash. Not only is converting a business to cash difficult, it may not even be possible. Consider the following scenarios:
The process starts with strategic planning and continues through to the sale. The sales stage might be the final step in the process, but it too is a process.
The sales process looks like this:
All this takes time. Engage qualified professionals to help you plan for a sale well in advance of the sale itself. It’s a process. It takes time. START NOW!
River’s Edge Alliance Group is proud to have served the following clients: