Exit Help for Older Business Owners
If you are a senior business owner, this edition of “Deal Talk” is especially for you. You may have a pretty good idea of what your business is worth, but if you haven’t spoken with a certified valuation consultant, you could be setting yourself up for disappointment, and that’s not all. As our guest shares today, the individual you sell your company to when you’re ready to retire might very well be a long-time employee, manager or vendor, so it’s important to know how to start preparing for your exit, which might include a responsible succession plan. Michael Meagher, founder and president of MWM Associates in Edina, Minnesota, joins us to share his expertise from years of working with baby-boomer owners.