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Time It Right
Deciding when to sell your business is important.
Both you and your business must be ready. You need to determine what
the company is worth now and how its value may change in the next few
years. While a prospective buyer will want to see historical
financial data, he or she is also likely to be concerned about your
business’s growth potential and the future prospects for your
industry.
Don’t be tempted to discuss your intention to sell with everyone you
meet. If word of a possible sale reached the wrong ears, you might
lose customers, suppliers or key employees, any of which could have a negative
impact on your sales effort. Be sure buyers are qualified before you
release proprietary data and, once you enter into negotiations and
start to disclose valuable information, insist on the prospective
buyer’s confidentiality.
Assume Nothing!!
Maintain a business-as-usual attitude and run the business as if it
will be yours indefinitely. If you don’t, it just might be.
Adequate planning and professional advice should result in a sale
that is rewarding both financially and personally. You’ve worked
hard at your business, now it’s time to enjoy the rewards and the
freedom that come with its successful sale.
Call us at 09 630 1600, toll free on
0800 180 222, visit our website
www.abcbusiness.co.nz or email Managing Director Steve Smith (AREINZ)
on
steves@abcbusiness.co.nz |