Selling a business is not quite the same as selling a car or even a house!
Today Andee looks at what you are really selling when you sell a business and what you need to do to ensure you can get ‘top dollar’ for your business when you want to sell it.
Taking the right amount of time to get a business ready for sale can make a huge difference to the price you can ultimately get for it.
The Vlog series comes from One Sherpa an online global membership community dedicated to helping small business owners succeed and prosper.
The series is filmed on location around Melbourne, Australia and answers questions commonly asked by small business owners.
This video is filmed from the Studley Park Boathouse and answers the question ‘How Long Does it Take to Get a Business Ready for Sale?’
Hi Andee. Short & sharp Vlog.
I have seen quite a few of these from you and you have probably covered the following in other Vlogs.
1. Configure the accounting data to build future sales
2. Establish a “system” that monitors:
a) the relevant KPI’s – History
b) the optimum stock & purchase needs of the business
c) Operating procedures to “manage” the daily activities of the business.
The business must represent a brilliant investment, and not a JOB for the in-coming owner – The investor will spend more for a income -producing asset than a technician will for a JOB.
Thanks for the series
John – 03-9727 3337 or 0419 590 730