Is it time to think about selling your Business?
Look at Your Business through a Buyer’s Eyes
It’s amazing what you’ll see and learn about your business when you look at it through the eyes of a buyer.
Have a look at your business and what you have to offer. Think about what a buyer is looking for and what they will find if they look at your business. Here are a few things a buyer is looking for.
All buyers want:
- to pay the right price
- to be told the truth
- future security
- transparent accounts
- simple management and operation
- not to have to invest more in repairs or upgrades
- good presentation
- no reliance on key staff and
- no reliance upon key customers or clients.
When you have taken a few minutes to look at your business from a different perspective, see if you can find simple ways to improve the presentation of your business. Can you ensure that your business provides a buyer all or most of the nine points identified above?
First impressions count! And it’s up to you to ensure the buyer’s first impression is a good one.
We’ve all seen those television shows in which a work team spends time renovating and tidying up a home to prepare it for sale and achieve an increased sale price. The same thing applies to the value of your business. It can make a big difference to a buyer’s first impression if the business looks neat, organised and “under-control”.
Benchmark Business Sales and Valuations
