What happens during the due diligence phase of the sale of a business?
If you’re getting ready for a business sale, due diligence will be on your to-do list. This crucial step will get you the value you have been offered by a buyer. It also makes the overall journey easier – a win-win situation. However, if this is your first sale, you might not know how to […]
Sell your manufacturing business – six steps to get the value you deserve
So, you’re ready to sell your manufacturing business. If you’ve come to the conclusion that it’s time to sell, you’ve likely given the situation a lot of thought. While this decision is exciting, it’s important not to rush into it. There are some final steps you can take to get the value your business deserves […]
The 6 ingredients of a scalable business model
Author’s Note: This article was originally posted on the 16th of July 2018 and has been completely revamped and updated to keep up with the changes. Whenever you think about growing your business, it’s likely that what you actually want is a scalable business. Because scalability is not simply about growth. We all want our businesses […]
How much should I sell my business for?
If you’ve decided to sell your business, one of the most critical aspects of the sale is getting the right price for you. Selling your business takes a lot of organisation and planning. Staying on top of the process is critical for a good sale. Whilst there’s more to a business exit than the sale price, it would […]
The complete checklist for selling a business
This article was originally posted on 28th of August 2020 and has been completely revamped and updated to keep it up-to-date. Once you’ve decided it’s time to leave your business, the next step is getting your documents ready for sale. But, is there an easy way to navigate this process? It can be difficult to […]
Business exit strategy – the ultimate guide
A business exit strategy may not be the first thing you think about when you start your business. And why should you? The dream of anyone going into business is to create a service that is functional for many people. By doing so, they create an impact and leave a legacy, while making a handsome […]
Business valuation methods – the definitive guide
You’ve put in the hours, the late nights, and missed out on precious family moments to build up your business, and now its time for a change. Perhaps you’re considering retirement, or maybe you want capital to fund a new venture; whatever the situation, you’re considering selling up and moving on. But how do you […]
What is Sellability and why you should care?
Sellability is the concept of being able to sell something, easily. If we think about vinyl records as an example. Since their inception to the mainstream in the 1930s they were popular and easy to sell. They captured a moment, a feeling, a memory. Vinyl records had sellability. Roll forward to the late 80s, 90s […]
The elements of a robust financial record keeping system
How confident are you about your business financial performance? One way to measure it is with a robust financial record keeping system. It acts as an accurate documentation of all the transactions associated with your company’s finances. Traditionally, businesses have produced annual accounts to sit in a secure vault gathering dust. In a modern business world, that […]
Sell your engineering business with these 6 sector-specific tips
Has the time come to sell your engineering business? Are you ready to retire or would you like to step back from day-to-day operations? Either way, you’re likely to face some unique, sector-specific challenges when coming up with your exit strategy. For example, in some instances, only licensed professional engineers can buy engineering companies. This makes your target market […]