If you're a first-time seller there are a number of pitfalls you'll need to avoid to ensure you get the highest price possible without leaving your buyer feeling hard done by. We've listed five of the most common mistakes you could make when selling your business, and explained how you can avoid making them.
1: Time it right
Of course, it's impossible to perfectly time the sale of your business, but i... Continue Reading
According to a report released by the House of Commons in 2018, there are roughly 5.4 million micro-businesses operating across the UK, meaning that they each have fewer than nine employees to their names. Altogether, they account for 96 per cent of all business in the country.
And although it appears that there is much scope for growth amongst these firms, often the reason for their failure is due to the lack of planning required t... Continue Reading
If you’re hoping to break into the world of business, there are two ways in which to get started: either starting one from scratch or buying a business from another owner. By no means are either of the two options a simple choice to make - any savvy entrepreneur will need to weigh the pros and cons of each before making a formal decision. However, buying a business can often be slightly easier than fostering a start-up, purely due to the risks ... Continue Reading
The impact that social media has had on the way businesses market to their customers (and market themselves) is undeniable. So before you consider searching for a buyer, make sure you invest some time and money boosting your digital presence.
We've put together a list of four ways you can transform your social media presence before taking the plunge and putting your business on the market:
Select the right platform... Continue Reading
A small business can be the pride and joy of your life, and it is most likely something you have nurtured right from the very beginning. No doubt, there has been a lot of sweat and tears invested in ensuring your company takes off. But, while running a small business can be incredibly rewarding in your career, it can also often mean that you’re working with a small budget which can be quite frustrating, especially if you are looking to expand. ... Continue Reading
If you're considering purchasing your first business, it's almost certain that you'll have started the process of narrowing down the kind of business you'd be interested in buying. However, as a first-time buyer you're likely to have a long list of questions regarding the purchase process, as well as one extra question that's likely to linger in your mind: are you making the right decision?
Unfortunately... Continue Reading
In a world that is increasingly moving online, it should come as no surprise that matters pertaining to your business should also move in the same trajectory – including the sale of your company! A traditional and somewhat archaic way of doing things, keeping sales matters on a face-to-face level can often be inhibiting in terms of achieving the best possible outcome, largely as a result of the limited reach and access to potential buyers. In a... Continue Reading
When considering the sale of your business you'll want to ensure your company is as valuable as possible. Bricks and mortar alone won't get you a lot of money - to make sure you receive the money your company is worth you'll need to invest some time and energy in adding value to your firm.
Carefully manage your customer relationships
When it comes to adding to and managing the value of your business, one ... Continue Reading
If you've considered buying a business you probably know you need to take care to ask the right questions, not only to demonstrate your interest but also to ensure you get a good deal. But while many of these will be sorted by your accountant or financial advisor, you will be responsible for asking those that are slightly more generic, but no less important.
We've put together a list of 10 questions you should be asking an... Continue Reading
Selling and buying a business is complex and takes time, so as a seller the best thing you can do to ensure you achieve your ideal price is to prepare as thoroughly as possible over a number of years before taking the plunge. Buyers will scrutinise every aspect of your business, seeking any flaw that could reduce the worth of your company and get them a better deal. However, by preparing thoroughly you can give yourself time to address any issues... Continue Reading
For most businesses, the summer months can often be a quiet time of the year, but that shouldn’t stop you from planning ahead to make the most out of the traditionally slow season. After all, spirits are high during the sunny months, and it would be a waste to not capitalise on the happy nature of your clients and customers alike during this time, regardless of how your company operates.
You may be anticipating a lull in business ... Continue Reading
Selling a business can take a long time - years in some cases - but there are situations where this sort of lengthy sales process isn't possible. There are many ways in which you can make a rapid exit from your business, but it's important to consider all your options to ensure you don't make the wrong choice.
Below we've discussed some of the top 'fast exit' methods of leaving your business to give you ... Continue Reading
Whether you've built your firm up from scratch or transformed an ailing company founded by someone else, choosing the right time to sell your business is important to ensure you receive the right price.
The decision you make will depend on a number of factors, and the timing may be dictated for you to a certain extent, but even in the midst of issues you should still consider all your options to establish whether you may receive... Continue Reading
So you've got your heart set on a business that's up for sale, but there's a chance you're not the only one. Whether they've confirmed that you're battling an army of potential new owners or they're keeping their cards close to their chest, you need to make sure you're as attractive as possible to the current owner.
We've put together a list of five ways you can make yourself stand out fro... Continue Reading
Just like when you sell your home, the sale of your business will require you to obtain an accurate valuation of your company. If you want a quick sale it can be tempting to undervalue your business, but it's also very easy to overstate its value if you're just taking a guess.
There are a number of methods you can consider to help you find the right balance, and it's never a bad idea to consider addressing more than o... Continue Reading
For just £30 your business for sale will feature at the top of and in the sidebar on business for sale pages, making your business stand out from the crowd