When the time comes for you to move away from your business, there are some harsh facts you should consider:

• Businesses reliant on the efforts of the owner realise much less value on exit than those that have grown and matured effectively with a strong management team, and established products, services, and customers.
• Economic conditions at the time, and the availability and cost of capital, can affect both the availability of potential buyers and the price.
• A business owned by more than one person at point of sale or transfer will need agreement by all.
• Ideally, you should already be signed up to our Entrepreneur Club at this stage and be continuing to receive advice and support that will help maximise the valuation of your business, we work closely with advisory network support specialists, including external business consultants, who in turn work together with business owners right through to exit.