At some point you will look to either
reduce your involvement with your business or to sell it.
Maximizing the value of your business
requires a long term plan. To build an effective strategy, in most cases, will take several
As a starting point, you would need to
ask yourself the following questions:
· How do I value my
· How reliant is my business on
· When would I like to
· Will I want to retire completely or just
work less hours?
· What retirement provision do I have in
· How much will I want/need to live on
following the sale of my business?
· What succession plans do I have in place
for the key positions in my business?
Some of these questions will be easy to
answer, others - particularly the first one - may be more difficult.
The answers you have for some questions
may raise some concerns, however they will form the starting point for an exit strategy.
A business is only worth want a
prospective purchaser is willing to pay but an effective exit strategy can create a more attractive
proposition to both vendor and purchaser.
Having been involved in many business
sales and purchases, I am well placed to assist you in your plans. Please contact me for an initial
consultation if you would like to plan your exit strategy.