How to prepare your business for sale [cartoon]

Posted by James Price | JPAbusiness on 01-Aug-2018 02:00:00

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Ideally, a business will be set up for sale from the moment it begins operating.

After all, you never know when someone may approach you about buying your business, or when unforeseen circumstances may force you to sell.

A previous JPAbusiness client is a good example of why it pays to be prepared. 

This multi-generational family business received an unexpected approach from a potential buyer and was quite unprepared to enter sale negotiations.

They did not have written procedures for many elements of operations, including pricing, project pipeline and marketing.

As a result, these written documents had to be created, complicating and extending the due diligence process which, in turn, delayed the sale.

You can read about the experience in our free eBook: Three sides of the business sale story.

 

The 3 Sides to the Business Sale Story eBook | JPAbusiness

 

Free resources to help you prepare

We have produced a number of free resources to help our clients and readers with business sale or transition preparation, including:

Take a look at our Resource Library for the full list of free resources and don’t be caught unprepared.

Sale support available

If you feel you would like support with the process, an experienced business advisor will be able to guide you in setting up your business so it is ready to sell or transition at any time.

For more information or advice, contact the team at JPAbusiness on 02 6360 0360 for a confidential, initial discussion.

 

JPAbusiness Resource Library

 

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 your business, Advice, Family business, Exiting your business, Business advisor, cartoon

 
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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