Almost two-thirds of Australian business owners would seriously consider selling their business if approached, however, over 50% say they are not ready for a sale.
Get in touch and perform a free 'Ready For Sale Check' to see whether you are setup for sale and ready to get the best deal for your business.
Preparation - Establish the right mindset
Be clear about what you want and don’t want. What is the reason for selling your business? Set a framework of acceptable (and non-acceptable) parameters; for example, price range, time frame, inclusions and post-acquisition commitment.
Documentation – Prepare due diligence information
Compose and structure a complete set of business documents:
(A) Financial information to determine the accuracy of assets and liabilities
(B) Legal information to identify potential risk and exposure
(C) Commercial information to determine the commercial and strategic value of your business
Communication – Present a compelling post-acquisition scenario
One of the most important steps of the 'Ready For Sale Check' is to convince the acquirer by developing a strong business case, showing how the investment could be paid back over a short period of time, and what would need to be done to take the business to the next level.
Time better spent – Connect with Arvind
Preparing your business for sale and increasing its value at the same time is part of ‘future-proofing’ your business and having it ready for seizing YOUR next opportunity, whether it is an exciting acquisition, planned succession or a lucrative sale.
If you are a business owner and would like to receive your FREE 'Ready For Sale Check' straight to your inbox, click here, connect on LinkedIn or send a message with your email address.
Tomorrow you will wish you had started today!
