The decision to sell a company or business is one of the most important decisions undertaken by a business owner. The importance of this decision warrants the need for careful planning, attention to detail, and professional consultation.
This is the only way to:
- Achieve the best price,
- Minimise disruption and
- Avoid wasting time and money.
The funny thing is that most business owners don’t realize or know of the importance of prior planning and preparation – and how simple it is. This lack of planning can cost a business owner hundreds of thousands of dollars.
Do you know when is the best time to start planning the sale of your business? It’s the day that you start operating the business. That’s right. Maximum sales value is achieved if you plan the exit from the business at the start.
Every business owner needs to have an “Exit Strategy” ready to go at anytime. These tips are provided to help business owners to prepare an Exit Plan which will ensure that they are able to sell, and achieve the best possible results from selling.
This information has been compiled as a result of eighteen years in business sales as one of Australia’s leading business brokerages, and from the results of over 1200 sales, and many more “failures to sell”.
If you would like to find out more information, head on over to our website and register as a seller. We have 12 useful tips to help you sell your business.