Selling a business should not be like exploring an uncharted continent.
When embarking on a business sale you’re not just taking yourself, but you must also bring along your business partners, staff and advisors for the journey. It’s a massive undertaking and not one to be entered into lightly.
Don’t go exploring on a business sale unless you at least know where you want to end up.
This week's infographic is for those just setting out on the business sale journey, and step 1 is about being honest with yourself regarding why you're on this journey to help you determine where you need to go.
We have created a number of free resources to help business sellers:
- eBook – Selling a Business: What works, what doesn’t and how to avoid the common pitfalls
- eBook – How NOT to sell a business
- template – Business Transfer Checklist
- template – Selling a Business Checklist
- template – Information Memorandum Checklist for Sellers.
If you would like assistance or advice regarding selling your business, contact the team at JPAbusiness on 02 6360 0360 (Orange) or 02 9893 1803 (Parramatta) for a confidential, initial discussion.
James 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.