Whether your staff can find sufficient capital to buy you out.<\/li><\/ul>Being bought out by your business partner<\/h3>
Your business partner might be the logical choice to acquire your share of the business. However, there are both positives and negatives for selling your business to your partner.<\/p>
On the downside, your business partner will have a strong bargaining position perhaps not agreeing with your preferred selling price.<\/p>
On the positive side, your business partner has an ongoing interest in seeing the business continue and prosper.<\/p>
Offering your business to investors<\/h3>
If you\u2019re going to sell your business to investors or other companies, your industry will dictate the number of potential buyers. It might be a challenge finding a willing investor to pay what you want and within your preferred timeline.<\/p>
There are often two types of investors, namely:<\/p>
- A strategic buyer \u2013 who wants your share of the market. These buyers may see your business as a natural extension of their own.<\/li>
- A financial buyer \u2013 who simply wants to make your profits, assets, and the value of your business their own.<\/li><\/ul>
Franchising<\/h3>
There are some businesses that naturally work as franchises \u2013 where the original business is replicated multiple times but with different owners and royalties paid to the original owner.<\/p>
Franchising your business involves plenty of forward thinking \u2013 you\u2019ll need time to determine whether your business would work as a franchise, to get a few franchises up and running with the right training manuals and standardized products or services.<\/p>
Following expansion, you may find yourself in a position to sell your original branch and to live off the royalties into retirement.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t