Business Value: Steps to Success
Business owners know their business inside out and are great at what they do. But what happens when it’s time to sell your business? Have you taken the steps you need to justify the price you want?
In most cases, business owners need to start looking at the business from the outside so as to make it appealing to potential buyers. This is where we come in – we’re able to act as an external advisor and help you follow the three steps essential to building your business sale value.
- Find Your Purpose
Your business needs a purpose that clearly drives it to success – therefore making it desirable to potential buyers. Ask yourself what the purpose of your business is and what drives it to be successful?
- Set Your Goals
Once you know your purpose you need a target for the future. Is it your business sale value in 2 years time? Or maybe even in 5 years time? Whatever your goal is you need to set it for a point in the future and work towards it.
- Monitor Your Progress
It is one thing to keep track of where you are compared to your target but what happens when you fall short? How do you stay on track?
Ask your accountant!
AMD Director Shane Kaurin says “The process we take in improving business sale value is allowing our business clients more certainty of what they’ll receive when they sell their business by taking the right steps prior to listing for sale.”
Talk to us today about maximising your business sale value – you can’t afford not to.