Not sure if this is right for you?
Ask yourself a few questions:
What if an event occurs without warning requiring me to liquidate my business?
What if my children does not want to take over; I have no successor?
Does my business revolve around me such that it negatively impacts its value?
How can I avoid putting a “for sale” sign on my business exposing me to attack?
If I agree to an earn-out, can I ensure I will have control over the business decisions that will effect my proceeds?
If my competitors don’t recognize my business as a valuable asset (a threat or an opportunity) who will acquire it?
Did I build a scalable business model that others can easily understand and continue to execute?
Do others value my business as I do? What value can I really expect to get out of this?
Typically there is a holdback on a portion of the purchase price, how can I position to collect the full amount agreed?
If I take seriously ill, do I have a plan so my family can realize the optimal value?
How have you insured the value of your business?
Even worse ... have you put it at risk?