You may not be considering the sale of your business for some time but, exit aspirations should play an integral part in your ongoing management.
Here are 10 top tips to consider when you are selling a business.
When should you consider selling your business to a trade buyer What are the advantages and disadvantages
What are the advantages of selling to an institutional buyer What does it mean for the founder
Is your plan to flip your business as quickly as you can Here are seven ways to play to build your business for a sale.
While corporate finance houses have made a pretty penny selling businesses for decades now, a new online option is threatening to turn the advisor sector on its head.
What do you need to know to build a business that will achieve a successful exit
Many entrepreneurs focus on planning for the sale of their business and exploiting allowances such as Entrepreneurs Relief, without looking at the tax implications that might occur once you have sold it. There is a perception that the sale of a business is the end of tax planning. But in reality it is just “the end of the beginning”, as without continued planning after the sale, substantial amounts of the proceeds can be wasted in tax bills.
John Styring, CEO and founder at IglooBooks looks at the main challenges for SME’s planning to sell their company. In October this year, IglooBooks was acquired by Bonnier Publishing. The deal meant that together the two companies became one of the largest children’s publishers in the country.
“By failing to prepare, you are preparing to fail” – Benjamin Franklin
If you own a business, even if you’re not thinking of selling, or if the business is new, it’s wise to have an exit plan. But let’s assume you’ve taken a step further and are ready to sell within the next twelve months.
There are some principles worth highlighting to any owner-managers considering a sale.