Ready your Business for Sale
Preparing your business for sale is one of the most important things you will do – the more you put into this, the higher the value your company will achieve.
At some point, your business will cease being your business; either you sell (transfer) it to a family member, sell it to one or more of your business team, sell it to an investor, or, like over 80% of those who start their own business, you will transfer it by shutting it down because it did not succeed.
Most people do not think about transferring their successful business until just before they want or have to transfer it. It is sad that 78% of businesses listed are not sold and, for those that are, it is sometimes at a price nowhere near what they believed the business was worth or what they could have achieved if they had only planned ahead.