Some people will start a business as a replacement income option seeking to regain their independence from being dictated to by a boss, others start a business as a result of spotting a niche in a specific market within an industry they know and understand well whilst yet others start a business with a view to becoming a magnate in a specific industry.
Whatever the individual reasons may be for going into business, they all have one common denominator to the equation: the day will arrive when the business owner will want to sell.
Is your business ready for sale?
It is an interesting fact that most business owners acknowledge the need to plan for the day of sale but approximately only 20% actively prepare for the event!
Are the consequences that bad?
A business that is not properly prepared for sale will normally result in a depressed, under valued sale price being achieved. This could mean dreams are shattered or that elusive retirement just became harder to achieve! The old adage of ‘He, who does not plan, plans to fail’ springs to mind…don’t let this happen to you!!
So, Parasol Consulting Partners would like to pose the following question to you, the busy owner or director…
Can you afford to let this happen to your business?
