You’re ready from a personal perspective to maximize your business value if you:
- Have a written personal plan outside of the business
- Have a personal financial plan, estate and tax plan.
- Understand the net proceeds of different exit options for your business.
- Understand how dependent/independent you are for income from the business.
- Know the pros and cons of different exit options and deal structures
- You have had discussions with your spouse/family.
What have you done to increase the value of your business by establishing a personal readiness plan?
Drop your thoughts in the comments.
