6 Things to Consider Before Selling Your Business
Businesses are complex, no two are the same.
M&A transactions are complex, no two are the same.
Entrepreneurs and business owners are also unique. Each with different priorities and reasons for entering into an M&A transaction.
There are certain key questions for a business owner to assess before entering into a transaction.
Some of the things you will need to consider are:
- What is your main reason for selling and is this the right time for you?
- What is the business worth and does this meet with your financial objectives and requirements?
- What are the other options for selling? There may be a more appropriate exit or succession option than selling to a competitor.
- Is the business ready for intense scrutiny from a Due Diligence process including financial, legal, commercial and other DD requirements of buyers?
- Does the business have the right team in place to continue to perform (allowing you as an owner to have a greater ability to fully retire)?
- Do you know who is going to buy your business and what makes it attractive to them?
CN Strategic Advisors will help you answer these questions as well as delivering an M&A transaction to meet your requirements.
As mentioned above, there are many factors and influences affecting an M&A transaction, answering the above questions is just the start of what can be a lengthy and complex process. Don’t struggle on your own and potentially lose significant value by not engaging with an M&A expert.
We are a family-owned M&A boutique and are here to help you to reach and exceed your goals.