Selling your business When selling your business, it is critical to think from a buyers' perspective. How a potential buyer looks at a business is an evaluation on the basis they can replicate the business model to continue making profits in future years. Potential buyers will ask about the customer acquisition process. They
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Selling your business – tips on getting resources ready
Selling your business Maximising value We have found through experience that many businesses have reduced the profitability of the business for tax reasons and, if this is the case, the true value of the business will not be clear from the financial records when selling your business. This creates a significant problem when
Succession Planning – what happens when you get it wrong exiting a business?
Getting succession planning wrong If you are keeping up with these guides, you might remember last time I was explaining a little about Succession Planning in Business. This next issue is about what happens when you get it wrong. Firstly, let's look at some success stories to get you thinking about what
Succession planning; what does exiting your business mean?
Succession planning Succession planning for business owners is critical. When most business owners think of an exit plan, they think of selling the business. This act of selling the business and exiting or leaving the business is also called ownership succession. In order to ensure this process is done to the level
