Sale or Succession Planning

It's never too early to start planning for the sale of your business.  Time spent getting the business into shape will pay dividends in future, in terms of ease of getting the deal done, reducing legal fees, and ultimately achieving a higher value.

Most businesses are valued with reference to their ability to generate profits for the owners, and if you can show a history of profit growth, you're more likely to achieve the deal you're looking for.

Another stumbling block for many (particularly smaller) businesses is lack of a management team that will stay with the business to ensure continuing profitability for the new owners, and it's essential that you consider this element of succession planning.