How To Find The Right Buyer For Your Legacy Business

When the Olympic flame begins the journey around the world that ultimately ends at the Olympic Games, a chain of events that has been planned out for months is set in motion . The people that are chosen to carry the flame are not put in place by accident. In fact, torchbearers are chosen months in advance.

They are given specialized training for how to hold the torch, what to do if the flame goes out and how to handle any contingencies for people who may try to sabotage the torch’s path. The International Olympic committee takes this part of their job very seriously. There is an entire team of people dedicated to help the torchbearer complete their assigned portion of the route without any surprises.

Why should the handoff of your business be treated with any less care?

A smooth handoff of the flame from one runner to another is the goal of the day. (The flame is passed on, not the torch itself.) In the same way, the spirit of your business will pass on from your hands and onto the buyer you’ve carefully selected to carry on your legacy. Such a clean transition is possible, but you must take steps now to prepare for it. (If you’re not sure what kind of business you have, we can help.)

Begin With The End In Mind

This is where the philosophy of “Begin with the end in mind” is so important. Before you start your Legacy Business, you need to sit down and ask yourself a few questions. (If you’ve already launched your business, it’s not too late. But do it now!) Take some time to really consider your answers and get clear on what it is you want from the selling process.

Questions to ask yourself:

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