Building the value of your business is a long-range plan. Most people wait until it’s too late to have a proper look at this and by that time they unfortunately find out that there’s not enough time to put the proper measures in place to achieve their goals. The smart business owners I have met, have always concentrated on the key areas that will guarantee a high price when they sell the business.
You can work in the areas below and make a dramatic difference in the value of your business. Knowledge of Business
- History of ownership
- Image
- Client & Supplier Contracts
- Patents, Trademarks & Designs
- Tenure or lease
- Reason For Sale
- Employees
- Your Role In Business
- Credit Rating
- Computerisation
- Key Financial Ratios
- Spread of Clients
- Smooth Trading Pattern
- Competitive strength
- Financial Information
- Assets
- Information Memorandum
- Systems
- Relationship with Business Broker
