• 02 8003 3586
  • info@elcorde.group
  • Sydney, Australia
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Discover 3 Things To Assist In Selling Your Business

When it comes to selling your business there are so many things to think about. Aside from the obvious advise to think about the selling process prior to when you need it, here is a simple list of the three biggest things to think about.

 

  • Why would someone buy my business?

    It is fairly obvious that you are thinking about selling your business, but the first thing to do is look from the perspective of a potential buyer.
    What is it about your business that is going to attract a buyer and motivate them to pay a reasonable amount?
    What benefit does your business have that makes it worth purchasing?

  • Are your finances in order?

    Let's face it no-one is going to purchase your business if you can't prove that they can make a profit from it, are they?
    So by ensuring your finances are up to date and easy to determine the profit to the potential buyer, they are going to be more confident in making an offer. While your business has been operating there are expenses that you can legitimately claim but they really don't belong to the core of the business. So being able to seperate these so that the purchaser can determine how much profiut they will have will go a long way to increase the value of your business.

  • Why are you selling?

    What is it you are planning on doing next. It is important for you to be able to explain what your dreams and plans are, it gives the buyer confidence that it is a genuine reason selling.
    What will an ideal day look like once you are no longer running your business?

As you can see, each of these points refers to providing the buyer with confidence. Purchasing a business is a big decision and there are many scenarios and variables that need to be considered, so removing some of the doubts from the buyers mind will go a long way to them finalising a decision and be comfortable to invest into the value that you have created in your business.

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  • 02 8003 3586
  • info@elcorde.group

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