Taking some time at the outset to understand exactly what's needed to get the best deal will repay you many times over.

You need to have an exit strategy in place because

• When you decide to sell it can be too late to influence the price
• Competition for buyers will increase as more businesses come onto the market
• Undervaluing your business can leave hard earned cash on the table
• You could end up paying too much in Capital Gains and Estate taxes
• If you don't plan, you can't be in control of the exit process 

Time spent planning at this stage can double the sale value of your business. 

Take control to maximise the value of your business and plan your exit on the terms you want.