7. Look at whether investing in new technology, or in improving parts of the business now, could pay dividends by making the business more valuable and sought after further down the line.
8. Consider whether acquiring another business would be of benefit. This may be to capture new and valuable customers, to achieve growth goals or to introduce key staff and management needed for a more successful future of the business after your exit. The most important point throughout is to ensure you have the right advice for undertaking some of these actions. Then, when you feel you are ready to begin the process, consider carrying out a pre-sale, due diligence exercise. Your advisors will then review the business’s position and make recommendations on how to present the company in order to achieve as much value as possible, as well as whether it is ready for sale. The process of selling a business can be costly, so selling at the right time and at the right position is key. By using these tips as part of your strategy, you should be more confident that you are maximising your exit opportunity.
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