Selling your business
Selling your business is about more than putting a ‘for sale’ advertisement in the newspaper or engaging a broker.
Before you sell, there are a few key questions you need to consider. Issues like:
- Timing: What’s the best time to sell or when do I need to sell?
- Value: What is my business worth? And what can I do to improve the value of my business before selling?
Managing generational succession
When you want to grow and protect the value of your business across generations
Generational succession is when your business is passed to family members, generally, your children. With generational succession, there is continuity of family ownership and often the business itself.
Sounds simple doesn’t it? Then why do so many families end up fighting in dispute right at the point when the parents, business and children are most vulnerable? It is important that generational succession is managed as closely and diligently as if you were selling your business to a stranger. Making sure that everyone understands what the transition will mean and that everyone is aware of their role and responsibilities, avoiding misunderstandings and disputes.
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