The difference between a fire sale and a value exit is time and planning.
We've asked a lot of business owners and they usually have good reason why they don't want to sell right now.
Whatever the reason is, there is no reason to delay getting ready to sell. Planning and then implementing the strategy to maximise the value of the business takes time, so we say start today and be ready and prepared for when the right opportunity presents itself.
Getting ready to sell is all about risk and reward. Let's just assume you have 100 things in your business that a potential buyer thinks are risky. Those things reduce the price, reduce the reward you get when you sell your business.
Starting right away to solve, reduce the risk of those 100 things saves you in the future. Whatever those things might be, fixing or improving them helps to grow your business anyway. It makes your business stronger, more robust, stable and usually more profitable.
There are many different ways to sell, exit your business. Planning for which will give you the best options is critical to success. Having the end goal in mind helps smooth the path.
CORPLAN partners with private equity and business brokers and we can put you in touch with the ideal partner for your scenario. Some of the scenarios include; listing, merger, strategic buyer, management buyout, ESOP's and more.
