Better Business: Never too soon to plan your exit

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Don't sell your business now, FP Advance's Brett Davidson says, but it is wise to plan ahead...

Consolidation within the adviser marketplace is booming and is likely to continue. But do not be provoked into thinking that you must get on board by selling your business now or you will miss the boat; that is just not true. There is always demand for good businesses and the consolidation journey is a long game. However, exit planning should be a key strategic consideration for all business owners, and you cannot start thinking about this too soon. The push back from business owners is that the business is not even close to finished, let alone ready for sale, and because of this the ...

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