It's never too soon to start planning your exit strategy, after all it's part of a good business plan. By starting to plan early, will help to maximise the value you get.
When selling your business, it will be typical to have some sort of earn-out clause and existing owners need to factor in that the new owner may require them to remain in the business for a number of years. If you are selling to retire, planning ahead is key.
Over a fifth of SME directors are now over the state pension age of 65, as accountancy and advisory firm warns that many business owners are failing to put exit strategies in place ahead of their retirement.