At Simply.Biz we want your business sale to be as smooth and as trouble free as possible.
As much as we make every effort to ensure our website gives you the best possible chance of gaining a successful sale, there are numerous steps you can take to ensure you don't trip up or wind up with a difficult and protracted selling process.
In this section, we have added some useful articles and examples of areas to consider and assess. Selling your business is a huge decision to take and therefore, ensure you are fully prepared for the journey that lies ahead.
Please check back regularly as we add more articles over the coming months...
Before you sell your business
Valuing Your Business
Possibly the single most difficult part of any business sale is assessing and correctly valuing your business. Ensure you don't make the most common mistake in selling a business by over or undervaluing your prized asset.
Finding Professional Advisors
It's good to heed the advice of experienced and knowledgable professionals. Whether you are in need of a broker, an accountant or a solicitor, having the right people on board can take away a lot of the stresses and strains of selling a business.
Expectations & Timeframes
Each of us sell a business for differing reasons and therefore, before you get going in the selling process, understand your own expectations and map out clear goals and timeframes to avoid disappointment.
The selling process
Protecting Your Interests
Assess whether you need to be cautious of how much information you are going to disclose on your advertisement and in meeting prospective buyers. Ensure you are protecting your own interests and the ongoing operation of your business for sale.
Disclosing information
Each buyer will have a different set of expectations as to what information they need in assessing your business for sale and whether they will consider making you an offer. Follow our guidance on what information you should be expected to prepare and disclose to interested parties.
Staying smart & staying safe
Email Scams
Scams such as these are constantly on the increase simply because many unsuspecting people have fallen victim to them. Ensure you are aware of some of the more common tricks that scammers are attempting to use on business sellers.
Face-to-Face Meetings
Although meeting a potential buyer or seller is normally a part of any business deal, always stay safe and act with caution.
Report Suspicious Activity
If you suspect that someone is acting fraudulently or you have fallen victim to such activity, do not hesitate in reporting it to us and to the Police.
Disclaimer
All information and articles published on this page and subsequent pages on this website should not be treated as professional advise or as a comprehensive directive on how to sell your business. These articles are only published as guidance and should not form any basis on which to sell your business and should not be treated as professional or legal advice under any circumstances.
Use of the articles and their content is strictly the sole responsibility of the reader. Under no circumstances will Simply.Biz, its staff, employees or affiliates be responsible or liable for financial or other loss or damage caused by the failure or use or misuse of this information.
