How to Prepare Your Business for Sale [free eBook]

Posted by James Price | JPAbusiness on 02-May-2018 02:00:00

Runner preparing

Preparation is a critical component of a successful business sale and you can't start preparing too early.

With this in mind we have created a new eBook for our readers and subscribers: How to Prepare Your Business for Sale.

Preparation key to maximising value on exit

In a perfect world, business owners would be preparing their businesses for sale from the moment they established or purchased them.Organised files

Important business structures, systems and processes would be carefully devised and executed from day one.

Succession plans would be in place and understood by senior members of the team.

Clearly worded partnership agreements would reduce the chance of misunderstandings on exit.

And so on…

But, of course, the world is not perfect and, as we have discussed in the past, many businesses start as hobbies or side projects, or move through generations of family hands, and structures and systems end up being less than ideal, simply due to the passing of time and changes in requirements or operating environment.

When it comes time to sell the business or to contemplate a family succession process, these less-than-ideal systems and structures need to be addressed ahead of time or value can be seriously eroded.

Getting your house in orderHow to prepare your business for sale cover

In this eBook we’re focusing on that important stage in between deciding to sell and putting your business on the market.

This is the stage where you need to get your proverbial house in order.

Preparedness for sale is a critical component of maximising value on exit.

To help you do this we've also created a Vendor Due Diligence Checklist, which has been designed to help sellers see their businesses from a buyer’s point of view – ahead of time!

The Vendor Due Diligence Checklist can be found in Chapter 3 of the eBook, or can be downloaded as a separate file.

 

How to prepare your business for sale call-to-action 

 

If you would like advice or assistance about any aspect of preparing your business for sale, contact the business advisory team at JPAbusiness on 02 6360 0360 for a confidential, initial discussion.

JAMES PRICE | JPAbusinessJames Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.

 

Topics: selling a business, business advice, vendor due diligence, eBook

 
Disclaimer: The information contained in this blog is general in nature and should not be taken as personal, professional advice. Readers should make their own inquiries and obtain independent, professional advice before making any decisions, taking any action or relying on any information in this blog. 
 
 

 

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