It does not matter whether you are handing over control of your business to a family member, an employed manager or a business partner, it is a process that should not be ad-hoc and if structured incorrectly could mean the end of your business.
Ensuring you have the right checks and balances in place, with policies, procedures and position descriptions, can help to minimise the risks associated with change of control. No matter whether you are thinking of transitioning tomorrow, in 6 months or 6 years, it is never to early to start to get everything ready.
Not sure where to start? Give us a call or book in for your appointment now.
If you intend to sell your business at some point, whether now or at some time in the future, there are certain things, which if done correctly, will maxiimise your sale price.
These can include something as simple as running your business profitably and reporting correctly through to having a full management structure in place with complex policies and procedure to support the operations of the business.
If you want to maximise your sale price then it pays to engage an outside specialist to help you get ready for the sale.