|
Getting your Trinity Audio player ready...
|
- By Daren Leng, Senior Business Broker, ABC Business Sales
Selling your business is a significant decision, often following years of hard work.
To maximise value and ensure a smooth transition, thorough preparation is essential.
Get your financials in order: Ensure your financial records are accurate and up to date.
Clear financial statements build buyer confidence and help justify your asking price.
Streamline operations: Optimising operations makes your business more attractive.
Update business plans, streamline processes, and address any compliance issues.
Resolving operational weaknesses can enhance market value and attract serious buyers.
Reduce owner dependence: A business that runs smoothly without its owner is far more appealing.
Work on delegating responsibilities and consider a business coach to develop your team’s capabilities.
Seek expert guidance: Engaging a business broker and financial advisors early on provides invaluable insights.
Brokers can help identify risks, guide negotiations, and position your business effectively in the market.
Plan for a profitable sale: Proper planning reduces sale timelines, minimises risks, and increases the likelihood of a successful, profitable deal. Start preparing today!
- For expert advice, contact Daren Leng at ABC Business Sales – Your Business Broker of Choice. Daren Leng, Senior Business Broker, phone 021 0278 6045 or email darenl@abcbusiness.co.nz.
