Seller Readiness: Sell Your Business
Be prepared to sell your businessAre you ready to sell your business?
Before you answer, take a look at
common mistakes made by owners when selling their business.
- Insufficient Preparation Listing your business before your “house” is in order
- Incorrectly Valuing the Company Believing you’ll get top dollar because you believe it or setting the price before value is determined
- Unwillingness to Leverage Professionals You are an expert at running your business, not selling it
- Taking a Hands-Off Approach Disengaging throughout the selling process
- Failure to Pre-Qualify Buyers Not completing pre-qualification documents early
- Misrepresentation Temptations to exaggerate numbers, distort projections or cover up problems
- Getting the Timing Wrong Knowing if the market is ripe for selling your business or your business is ready
- Only Entertaining All-Cash Offers Often detrimental to sellers from a tax perspective
- Breaching Confidentiality If word gets out you are selling it can have adverse impacts on your business
- Failure to Address Transition Issues The sale doesn’t end when you handover the keys
Sources: Entrepreneur, “10 Mistakes to Avoid When Selling Your Business” by Mike Handelsman, and Inc., “5 Pitfalls to Avoid When Preparing to Sell Your Business, Curtis Kroeker
And often overlooked is the transition and emotional journey for you.
Speed2Results helps you navigate your business sales journey to achieve the best outcome.
You’ve always been the one that has carried the weight of the business. You don’t have to undertake the sales journey alone. We are in your corner. Speed2Results works with business owners/partners/family members and their teams to achieve a truly successful sale. We help prepare you and your team for the emotional challenges in readying the business for successful succession, rapid growth or sale, whichever path is right for you. Ensure your business is ready for sale, and maximize your business valuation to achieve desired goals. Get Speed2Results.
Our Services
Our Services
Seller Readiness targets the “people” side of the transaction essential to the completion of a successful deal close.
Our solutions include:
- Seller Readiness Checklist & Benchmark Valuation
- Pre-Due Diligence
- Seller Readiness Road Map of prioritized actions
- Succession planning
- Transition Assessments and Plans for Business & Family
- Executive / management team development and talent selection
- Access to vetted Seller Readiness Advisory Group
Seller Readiness Solutions have high impact for owners/partners/families that span the late start-up to mid-phase development of your business.
Seller Readiness targets the “people” side of the transaction essential to the completion of a successful deal close.
Our solutions include:
- Seller Readiness Checklist & Benchmark Valuation
- Pre-Due Diligence
- Seller Readiness Road Map of prioritized actions
- Succession planning
- Transition Assessments and Plans for Business & Family
- Executive / management team development and talent selection
- Access to vetted Seller Readiness Advisory Group
Seller Readiness Solutions have high impact for owners/partners/families that span the late start-up to mid-phase development of your business.
70% of owners expect they will exit their business through sale in the next 3 to 10 years, and receive a high valuation.
More owners are competing for a limited pool of Buyers who are looking for quality businesses to acquire.
Owner’s identity and self worth is intimately fused with their business, making slow plans for preparing for succession or sale.