Qualify the buyers, negotiate a deal, do all the Ws Numbers List due diligence, prepare to close escrow, and then change their mind because they Ws Numbers List would prefer to continue owning and operating the business than playing Ws Numbers List endless rounds of golf or become a full-time babysitter looking after the grandkids etc.
So what should be included in the Ws Numbers List transition plan? The questions and answers can be endless. It's what makes sense to the Ws Numbers List owner and their specific situation. Some sample ideas include the following: • Why does Ws Numbers List the business owner want to transition the ownership of the business?
Are there any suitable candidates and Ws Numbers List if so, why? (The answer could be family or a current employee or a local larger Ws Numbers List competitor or...) • If not, why not? (Is the industry the business is in dying out, are there Ws Numbers List new technologies coming that make this business behind.