Nora Chapman’s story was typical of most business owners. At age 54, she was ready to leave her 25-employee advertising business. She was thinking of selling to one or two of her key employees and when we met her, her first question was: “Is this the right exit choice?”

Many of you find yourself in the same predicament. You’re beginning to think of a time beyond business ownership. But you don’t have a clear vision of how to “leave your business in style.” So what do you and the Nora Chapmans of the world do? Here’s what we told Nora:

First, understand that leaving your company is a process. If you’re already taking action to leave your business, ask yourself if you’re approaching your exit in a methodical, logical and rational manner. Most owners don’t undertake the necessary thought and planning that supports good ownership transitions because they don’t know how to begin or exactly what to consider and analyze.

Most owners, and their advisors for that matter, are unaware that there is a planning and implementation process that can provide that foundation.

To read the rest of this article by John H. Brown, founder and president of Business Enterprise Institute, Inc., please go to http://bit.ly/de5kQ4.

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