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Plan how you'll eventually step back, sell or hand over
You won't do this forever, but you've no idea what the business is worth to anyone else, or who could take it on. Get a plan for making it sellable or passable on, years before you need it.
The prompt · ChatGPT
Help me plan how to step back from, sell or hand over my business. The business: [what you do, how long] Timescale: [e.g. 3 to 5 years] Options I'm considering: [sell, family, staff, close] How much depends on me: [details] Records I keep: [details] First ask me up to 5 short questions. Wait for my answers. Then: 1. The options compared: what each involves, timescale and risks. 2. What a buyer or successor would look for. 3. A 3-year readiness plan: reduce dependence on me, tidy the records, write things down. 4. Questions for an accountant and a solicitor. Not financial or legal advice. Only use what I've told you, leave blanks for anything I haven't given, and don't invent facts or figures. UK English. Stay in this ChatGPT chat. Do not turn on apps or connectors, and do not use memory from another chat.
A short example
Fill the blanks, then paste. what you do, how long: a short note you already have. e.g. 3 to 5 years: a short note you already have. Leave the rest of the prompt as written.
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