ANSWER – THERE ISN’T ONE!
As a business owner, you have probably seen countless articles reeling out the top 10 tips on how to prepare your business for sale and wondered where to start.
The good news is you only need to think about a couple of things.
- Don’t leave planning until you want to retire. If you do you risk working a lot longer than you might like, whilst wondering if you can afford to do without the income your business provides.
- Take a look at recent business sales in your sector. Why do you think they were good buys? Does your business look like a good buy in comparison?
These questions will force you to consider two things: your long term financial plan and the part the value of your business plays in it, and what you can do to make your business look more attractive to buyers.
So, get planning for a long and happy retirement! And if you need advice, ask an expert who can see the bigger picture and position the sale of your business within that picture. Don’t leave it to chance.
For more information, contact Jim Akrill (firstname.lastname@example.org) or Tim Mills (email@example.com) on 01254 679131.
Your 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.
For more information on selling your business, please click button below.
When you build a business from the ground up you devote a huge amount of effort making it a thriving and profitable enterprise. Your business may well represent a lifetime of blood, sweat and tears so when the time comes to sell it you need to make sure that you have a first class team on your side.
Our new website concentrates on giving owners a better understanding of what is involved and how to position their business in anticipation of a sale.
Jim Akrill, corporate finance partner at PM+M, said: “Our approach is simple and we use our years of experience to guide, support and advise the seller through every stage of the process. We provide a complete service to business owners as opposed to acting merely as a broker. We believe it is vital that all aspects of a deal are considered including effective tax planning, ways to enhance value as well as providing efficient project management to ensure rapid progress to completion. With us, owners can get all this and more under one roof.”
If you would like to explore the prospect of selling your business, even if you’re not quite ready to take the plunge, we’re running a series of seminars to help business owners understand the sale process and how to increase business value. Please visit www.pmmbusiness-sales.co.uk to book or to obtain more information.
Alternatively, if you would like to discuss the sale of your business please get in touch with Jim Akrill at firstname.lastname@example.org or call 01254 679131.
Whilst you have nurtured your business into what it is today, often outsiders may see something different. For business owners, adding value to the company is important not only if you want to sell, but also if you want to grow. But what do buyers and investors actually mean by value, and what are they looking for when they are in the market to buy a business?
Selling your business might have not even crossed your mind yet but if you do decide this may be the right option for you in the future, it’s worth thinking about ways in which you can maximise its value sooner rather than later. Selling your business can be incredibly complex and is one of the most important decisions you’ll ever make. Understanding how you can maximise your options is important for both your personal finances and the future of the business. Remember, you’ve spent a lot of time, money and passion developing it.
On Thursday 11 June, our business sales team are running an interactive seminar to unravel the complex world of understanding what is needed to attract the right buyer, increasing the company’s value and putting you in the best position possible when the time does come to sell. For more information on this seminar or to reserve a place, please click the button below or contact Faye Hughes on 01254 679131.