Stuart Dyer runs through a number of potential stumbling blocks to selling business that can be addressed in advance, including one of the most overlooked aspects of all - what will you do afterwards?
You need to understand one thing - your business is not perfect. It is good - most probably very good -professional, well-run, profitable and something you have devoted your life to and are rightly very proud of. But it is not perfect and that is why preparing your business for sale is so critical. There are two very good reasons why getting in shape is a prerequisite to a successful transaction and this applies to firms of all sizes. First, a business that presents well is highly likely to attract a wider range of interested buyers and a higher price and, second, the sale process itself...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes