Preparing Your Business to Sell: Optimizing Any Transition
In this video, Gary gets into important details that a seller should consider during the transition period of new ownership taking over business operations. He points out that in addition to the business changes that may occur, there will also be an emotional component that the seller should understand. He also goes into items that should be covered during the hold-back period such as sharing the marketing strategies, objectives and business plan. Finally, he states the importance of having a clause to not allow new ownership to add corporate expenses the financials during the hold-back period.
Run Time: 10:30