Most agency owners dream of either selling their company or passing it onto the next generation. Whatever the plan, the goal is a successful transition for all involved. As with any long-term strategic planning, you'll need to establish business and personal goals as part of the process.

There are five ways you can leave an agency:

  • Sell to a third party.

  • Sell to a family member or co-owner.

  • Sell to key employees.

  • Die owning the agency.

  • Liquidate the agency.

Fortunately, you can plan for each of these eventualities well in advance.

Catching the Vision

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