Succession Planning: Business owners favour MBO as means of selling business

Whilst the economy continues to wobble with an increasing number of vendors struggling to find trade buyers for their ventures, more and more business owners are considering management buyouts (MBOs) as an option of selling their businesses.

Know The Value of Your Business

We, as well as our businesses, are all different. We are at different points of our lives and our respective businesses are at different stages of business life cycle. We all, however, have one thing in common. At some stage of our lives we will look to retire. Some of us will retire sooner than others, of course depending on how well the business is doing as well as how long we intend to stay in business, what we want to do with it and, if we sell it, how much we will get for it.