Exit strategy: tips and advice on selling a business

The majority of businesses are exposing themselves to unnecessary risk by failing to plan their exit strategy, warns John Edwards, CEO of the Institute of Financial Accountants

With the average micro business worth £90,000 to £100,000, that’s money left behind through a lack of proper planning, if you fail to secure a sale.

In the UK, 25% of business owners fall into the 35 to 44 age bracket, 31% have owners in the 45 to 54 bracket, and 25% are in the 55 to 64 bracket. A further 7% are owned by people over the age of 65. This means that 32% of business owners are already at, or approaching retirement age within the decade, representing potentially thousands of businesses that have the potential to be sold. 

Your free features:

  • Breaking news and expert analysis
  • Customisable daily newsletters
  • Six free CPD learning modules each year
  • Personalised CPD tracker
  • Top 75 Firms league tables
  • Regulatory changes
  • Hardman’s Tax Data

Sign up to Business & Accountancy Daily

Related Articles
Subscribe