Preparation Is Key

 

shutterstock_276798482Your business represents a lifetime of blood, sweat and tears so when the time comes to sell it you need to make sure that you are ready. You may feel that you are not ready to sell but if you’re planning for the future you need to start adding value to your business now.

The more time you spend preparing your business for sale, the better the outcome will invariably be. It is important that you can demonstrate two to three years of strong trading performance together with a maintainable profit stream.

Unresolved issues can be a deal breaker and can range from complex company ownership or who owns intellectual property rights, through to unreliable management systems. In your preparation for sale it is vital that you consider any potential deal breakers and try to resolve them before selling.

Effective and efficient planning will allow the sale of your business to progress in a controlled manner and having an advisor to provide advice and support throughout the sale of your business, will help you to achieve your goals.

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