Five Things to Consider When Selling Your Business
Whether 5 years down the road or 20 years into the future, an exit strategy is fundamental to any strategic business plan. The CDFconnect™ team has pulled together a few items to consider as you plan for succession because setting the stage today is fundamental to a smooth transition in the future. Reach out to your Relationship Manager or directly to the CDFconnect™ team to discover how we can help.
1. How to gauge your preparedness
Finding the right answers starts with knowing the right questions. Learn some key points to consider when looking to sell or transition your business.
2. Ways to value your business
Do you know what your business in worth? Would that value remain if you were to exit the business? Learn what drives business value and different valuations methods.
3. There is more than one way to exit your business
We will walk you through a number of exit options including pros and cons – these will help you better understand and evaluate the best fit for your situation.
4. Methods for managing your inventory & maintaining margins during the transition
Protecting your profitability and safeguarding cashflow is critical at any stages of your business cycle. Learn about ratios, the difference between cashflow and profitability and how to maintain financing – all critical to a successful transition.
5. Best practices for mitigating chaos
Whether you are one or 20 years out from transitioning or selling your business, CDFconnectTM can help you navigate and get prepared for the transition.
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Wells Fargo Commercial Distribution FinanceTM is the trade name in the United States and the trademark in Canada for certain inventory financing (floor planning) services of Wells Fargo & Company and its subsidiaries including Wells Fargo Capital Finance Corporation Canada.
The opinions expressed in this document are general in nature and not intended to provide specific advice or recommendations for any individual or association. Contact your banker, lawyer, accountant or tax advisor with regard to your individual situation. The opinions of the author do not necessarily reflect those of Wells Fargo Commercial Distribution Finance or any Wells Fargo entity.
