15 Tips for Preparing Your Business for Sale​​​​​

Business buyers are “fussy” and normally undertake a large amount of due diligence to ensure they are buying a solid asset. This means preparation is critical.

Your job as the business owner is to make your business as attractive and as  appealing as possible to potential buyers.

The data is telling us that there’s gonna be tens of thousands of businesses going on the market in the next couple of years as the baby boomer generation retires. So, your job is to make sure your business stands out as one of the best investment propositions.

When preparing your business for sale, it’s essential to have a plan – it’s not something that’s going to happen by accident and you have to prioritize preparation. A lot of business owners get their heads down working on the business and don’t take the time to stand back, and do the things necessary to actually prepare the business and make it an attractive proposition. 

Selling a business should be all about preparation: the more time, effort and money spent on preparing the business the better.

You won’t exit your business twice. Ensure you get it right the first time with these 15 important tips.