4. Keep or Sell
Tailored specifically for entrepreneurs and business owners at a pivotal crossroads, the "Keep or Sell" component within the Legacy Lab toolkit is your comprehensive guide to navigating the complexities of business transition. Understand the landscape of potential buyers – be they financial, strategic, or family entities. Delve into the intricacies of inside and outside sales, gaining clarity on the specifics that align with your business goals. Evaluate a spectrum of options, from generational transfers to management buyouts and ESOP considerations. This component becomes your strategic partner in the decision-making process, guiding you to deliberate on deal structures, including holdbacks, financing terms, and non-compete agreements.
Beyond the financial realm, this segment prompts thoughtful consideration of your personal life legacy, offering assessments and preparations for the fulfilling chapter of life after business. Whether you're contemplating a strategic exit or envisioning a legacy within the family, "Keep or Sell" provides entrepreneurs with the insights needed to make informed decisions that align with their business and personal aspirations.