Top 10 Practical Considerations When Selling you Business

1. Prepare your business for sale at a minimum 12 months before you hope to sell
2. Have all your client contracts stored and numbered in one folder
3. Have all your staff employment contracts current (including your own) stored and numbered in one folder
4. Update your strategy and document opportunities for growth
5. Update your business plan
6. Make a list of potential purchasers
7. Ensure your budget and cashflow are up to date
8. Ensure your balance sheet doesn’t have any questionable entries
9. Be clear about your Unique Selling Point (USP)
10. Consider your requirements to keep staff informed