Gill South, 5:30 AM Monday May 16, 2011
Growth opportunities are the best reason for expanding, writes Matt McKendry, accounting and advisory partner for Deloitte.
Entrepreneurs of small businesses get to a certain point in their company’s life where they need to sell or reinvest to take it to the next stage. Conversely, buying another company can help you leapfrog to the next phase.
At what stage in a small business’ life should the entrepreneur look at selling up and moving on to their next project? What are the triggers?