After someone has invested years of effort into starting and nurturing a successful business, it is only natural to contemplate the future of that business.
The question “What next?” is not an easy one to answer; it requires serious thought and planning, and often boils down to one of the following options:
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If you’re thinking of selling your business, we often advise our clients to start with the end goal in mind.
To be sure, one of the most effective ways to accrue a significant amount of wealth is to make calculated bets. But, as Warren Buffett famously said, “It's only when the tide goes out that you learn who's been swimming naked.”