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Grooming Tips for your Business for Sale (Part 2)

8/22/2016

1 Comment

 
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Continuing the ideas that can help you get your business ready for sale. This week we focus on the people, equipment and organization in your business.

Management Team: The purchaser of your business will be looking to acquire a high caliber management team. It may be worth reviewing your corporate structure to ensure that job titles and role descriptions adequately reflect the contribution that your management team makes to your business. Any re-structure needs finalization well in advance of an anticipated sale. A purchaser may also want assurance that the management team is supportive of your decision to sell or at least that it is likely to stay with the business for a reasonable period post-transaction. You should consider talking to management - how cooperative will they be? You never know, they may be interested in buying the business themselves.

Asset Base: Are there any assets in the business that may be of little or no interest to potential purchasers- e.g. short-term investments, under-utilized property, equipment or perhaps surplus cash? Think about realizing and removing them from the business before the sale. It is also worthwhile having all your property assets valued individually.

Restructuring: If your business has more than one division, some thought should be given to restructuring it into a number of stand-alone entities and perhaps selling these separately. Any such reorganization will have potential tax implications and other complexities associated with it and it will be important to take professional advice before undertaking any such initiative.

1 Comment
british assignment help link
6/12/2019 10:21:08 pm

In order for a certain business to be successful, you need to plan for it. Not just a simple plan, but everything should be sure and should work effectively. The bigger the business is, the more complicated it is. But of course, there's a bigger potential and the money that could enter is not a joke too! That's why I encourage everyone to make a huge preparation first before entering the business world. That included reassuring to yourself that you can handle the pressure and all things that might come along the way!

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    Tom Gosche

    Tom is the Business Development Manager for GLM. If you are interested in learning more about GLM's services, contact him:

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