#Selling A Business
Selling your business? Two mistakes to avoid in your valuation
A business seller needs to look at the risk factors a potential buyer is worried about – and vice-versa…
Why you need an exit plan from day dot
The sooner you begin thinking about life after your business, the better prepared you will be for that day and the more likely it will happen on your terms. Here’s what you need to consider when putting yours together.
Succession planning isn’t negotiable in partnerships
There are benefits to running your business in partnership with a friend or family member, this could mean it was established with only the bare minimum of documents. Though this may not currently present an issue, it can cause succession headaches later.
Should sole traders be thinking about succession?
When you’ve worked hard to build your business, you want to ensure that when the time comes to transition out of it, it’s passed on in the way you’d like. For sole traders, the greatest succession threat that must be managed is key man risk. Here’s how to do it.
Preparing your business for sale
Brad Callaughan blogs about the preparation that goes into selling a business. “Selling your business shouldn’t be a spur of the moment decision. Succession planning should be looked at over a number of years to determine the best road forward. Not only do you have to decide on either passing your business down or selling it but you also need to look at the tax implications…”