business sales tips

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A successful business sale is a transfer of the business to the business owner's desired successor at the desired time and for the after-tax money that the business owner wanted or needed to financially secure his or her post-business lifestyle.
What is Contingency Planning? Contingency Planning, also referred to as Business Continuity Planning, is the planning done by business owners that are not intent on leaving their businesses at any time in the near future. On the contrary, those business owners intend to remain active in the business for years to come. Yet, they also understand the importance of planning for the business to be able to successfully continue its operations in the event that the owner is unexpectedly unable to continue working.