11 Ways to Profitably Walk Away From Your Business Instead of Shuttering It

If you have a net positive cash flow, you’re sitting on an asset someone potentially wants. 

EXPERT OPINION BY CHRISTINE SLOCUMB, ENTREPRENEUR AND ADVISOR

Illustration: Inc; Photo: Adobe Stock

Most owners don’t understand the full gamut of their exit options. I’ve seen too many close their profitable companies when they are burned out, getting divorced, ill, or just ready to move on. I understand the impulse to go the easy route. When you’re exhausted or have legal mandates to divide assets, locking the door appears the simplest option. But closing a business that makes money is like throwing out a winning lottery ticket because you’re tired of standing in a long line to cash it.

By 2035, about 6 million small business owners will retire, according to the McKinsey Institute for Economic Mobility. McKinsey estimates more than 1 million of those companies could realistically be sold, together worth up to $5 trillion.”

Your customers, your team, your processes, and your balance sheet are worth something to someone. You just have to find that person or entity. 

Ways to extract value from your business

Here are 11 ways........

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