At this stage, the aim is to develop an effective exit strategy that may involve selling or stepping back and handing over the reins. NGL Business Services can help you customise your process to reach your specific business and personal goals.
If your goal is to sell for your retirement, NGL Business Services can work with you to define your unique goals, analyse the market, identify any threats to succession and develop a solid plan to maximise the value of your business.
If the plan is to keep the business in the family, we can help you identify and prepare a successor, and can take care of the tax and insurance planning.
If you’re unsure whether to sell or keep, and the timing for when to commence succession and/or exit the business, we can provide all the data, with pros and cons, to help you make an informed decision.
Also keep in mind that while right now you might think you’ll leave the business on your own accord, we’ve found that most business exits were unexpected without a solid plan in place. The earlier you plan the future of your business the better. This is so important especially if you want to choose a successor who shares your passion, values and visions.
NGL Business Services can also assist with further retirement planning, will preparation and superannuation requirements.
