What to avoid when preparing for a business transition
Top 10 deal pitfalls
Have you begun planning for what happens to your business when you hang up your hat? Have you considered all the elements involved or compiled a team to support you through the process? Our business transition experts have experience working with business owners of all types, and there are a variety of ways to approach this milestone in your business lifecycle.
In conjunction with the Business Enterprise Institute, we have prepared a white paper outlining 10 common pitfalls business owners may experience in the process. Not all of the pitfalls are owner failures, but it’s crucial that the owner have a plan and a team in place far in advance of the process. Learn more below.
“It’s not easy to sell a business, and it’s not easy to transition a business. It’s also the most important financial transaction of a person’s life, and yet, it’s one they’ve never done before. Understanding some of the pitfalls before even starting the process will be valuable for anyone facing a transition, even if it’s several years down the line.”
Mike Benedict
Business Transition Advisor at BOK Financial