Most business owners are considering several options for the future of the ownership of their businesses. If you’re keeping your options open, that is typical. But business owners who end up selling their businesses to an outside, unrelated buyer often report that they wish they had known more about what the sale process would be like, and that they wish they had spent more time (years) preparing. So, whether you are actively looking for a buyer right now, or if a sale is only one possibility you’re considering for the future, it’s important to take steps today that could be helpful in a future sale. If you put the company on the market, there will be a lot to think about, and anything you can do today to make that process easier is well worth the effort.

Benefits of Planning Ahead

On October 5th, 2021, Honor announced it raised $70 million in Series E funding, in addition to securing $300 million in debt financing. This announcement is only two months after it announced its industry-shaping acquisition of Home Instead.

The funds will be invested in operations, technology and ongoing expansion across the Home Instead network. This will triple its overall research and development budget.