Ten tips to help you prepare an exit strategy

EXIT STRATEGY

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The sooner you start preparing your business for a sale, the better - even if selling up seems a long way off. Lee Travis, CEO of the NMBA, provides a checklist.

Although it is safe to say the Retail Distribution Review (RDR) has had its critics, and a lot of us have had to ‘react’ to the requirements, one of the positive outcomes is the attractiveness of post-RDR advisory practices. Advisers have been through a lot of hard work to become RDR ready and I believe that principals will be able to reap the rewards of this work when they come to exit, especially if they focus on some basic guiding principles for their now ‘fitter’ business. More good news is that advisers are now shifting from reacting to the given set of circumstances that was the...

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