Transitioning Your Business

Business turn-around or transitioning out can be the most challenging and stressful of times. Good leadership and proper planning are essential in both situations.

 

Turn-Around

The SBDC can help a distressed company to succeed again, by heading off further downturns and providing strategic direction. By working with an SBDC professional turn-around consultant, you get an objective, outside perspective.  Get back on the road to success by avoiding costly mistakes, restructuring debt, determining weak areas, and learning how to fill those gaps.

 

Transitioning Out

  • Perhaps your business did not live up to expectations.
  • You may be ready to retire or you may wish to transfer your business to a relative or trusted partner.
  • You may decide to close the business and liquidate assets.

 

The SBDC can help with your succession planning or exit strategy.  Apply for services.

For additional information, visit the SBA website about leaving your business.