Despite the downturn, or maybe because of it, many business owners will still be considering when they might leave the business and either retire or start another one!
The best deals are always those that have been carefully planned over a relatively long time – at least a year, more often three or four years. It’s not just about how good your business is, it’s about how good it might be in future – the opportunity for the purchaser. You and your advisers have to understand what is important to any potential buyer – and they may have very different agendas.
Managing an exit is very time consuming and – we would say this of course – your best decision may be to appoint appropriate advisers early on, agree the objectives and leave them to it. You need to concentrate on making certain there’s still a saleable business at the end of the process, so choose your advisers carefully and then let them drive the transaction to a successful conclusion.
About Me
- Mercantile Group
- Andrew Hawkins: I'm the Managing Director of The Mercantile Group. We help businesses with strong plans to get the right advice and funding to expand or achieve other major change including rescue strategies if things get tough. Our aim is to help make businesses stonger, more stable and more profitable.
