Planning your exit strategy through the sale of your business can be fraught with difficulties and anxieties – here’s a simple guide to make sure that after the deal is done you won’t be wondering if you did the right thing.
If you created and developed your brainchild from its inception to the success it is today then it can be an anxious time working out when might be the best time to sell.
After all, you have devoted a huge amount of your life – time and energy – into getting its off the ground and then making it a success. You want to earn the right rewards for all that hard work, don’t you?
Often dubbed as “sellers remorse”, there are plenty of things you can be doing now to ensure you won’t be looking back after the sale has been completed and wondering “what if . . . . “
Most importantly you want to get the full value for your business when you sell it. So what can you do to maximise value in your business ahead of the sale?
Planning for the sale of your business should begin at least a year in advance, preferably more. That gives you a much greater opportunity to make the changes you need to maximise the value in the business ahead of the sale process
Cutting costs and increasing revenue is an obvious way to grow the value in your business – it is often easier said than done when you are working in the business. But no business is so lean that there is nothing left to cut, or so successful that there is not more it could be doing to increase sales.
Becoming Mr Popular
Don’t just rely on the first buyer that comes along and shows interest in your business. If you are confident that you have what they want then you can be sure that others will want it too. The more buyers that are interested in your business the more likely one of them will be prepared to spend to win the deal.
There is a lot of work that can be done to maximise the value in your business in the time leading up to the appointment of a Mergers and Acquisitions broker as part of your exit strategy. Our expert team makes sure you put the strategies in place to secure the very best deal for you when the time comes to put up the For Sale sign.
Contact us if you want to know more.