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Transitioning a business is a complex process that requires strategic foresight, early preparation, and a deep understanding of legal, financial, and operational factors. Our comprehensive guide for business owners preparing for succession or sale delves deeper into these strategies, providing practical advice to help you confidently navigate this important phase.

Securing your business legacy

As a business owner, planning for the eventual succession or sale of your enterprise is a critical step toward securing its future. Whether you aim to retire, pass your business on to a successor, sell it to a third party, or seek growth capital, preparing for this transition can greatly impact the legacy you leave behind. The process involves careful planning, strategic evaluation, and ensuring the business is in its best shape for a successful handover.

 

In Singapore’s competitive market, succession planning is essential for business continuity and value preservation. It's not just about finding the right buyer or successor; it's about preparing your business to be "transaction fit" and maximising its value. This guide will provide insights on the following:

  1. The importance of planning and preparing for an exit. 
  2. Key elements of successful planning.
  3. The “3Ps” of a successful succession or exit – an approach to achieve a smooth exit. 
  4. Insights on the 7 essential items in the transaction preparation checklist.
  5. The various succussion and sale options.