Often owners of businesses find that both business conditions and non-business circumstances accelerate their timing of a business sale or cause them to lose control of the process. Business circumstances would include a sudden fall off of business levels, a fire that destroys the building, or an unwarranted take-over attempt. Non-business circumstances would include family, personal financial, health or personal issues.
One of the major reasons for creating and properly executing an exit planning process is to be prepared for unexpected events and to keep control, as much as possible, and to generate the business sale on the timetable of the owner.
The result of this process will maximize the sales price of the business and allow the sale to occur in a controlled process.