3 points to consider when thinking about selling your business!
It was recently reported that share prices at Dreamworks rose sharply amidst rumours of it being acquired. You can read the full story here DreamWorks Animation shares soar on Comcast bid reports
Many business owners would welcome this in their business as they prepare to leave the business. Sadly not many of us are likely to have a global giant knocking at the door however there are some key aspects that do protect or increase value in your business as you prepare for sale. Here are just three to consider:
- Plan for the sale – could be years in advance of actually planning to sell.
- Do not make the business about you – the purchaser wants the business to continue to flourish without you.
- Ensure business has good systems.
At Johnston Smillie we support and guide clients through buying and selling business on a regular basis. If you would like to discuss any aspect of buying or selling a business please telephone 0131 317 7377 or send us an email to mail@jsca.co.uk
