Which is why prospective buyers feel the business Telephone Number List will falter once it has changed hands. If you can show that the business can operate profitably without you then you have a business with value that should sell for a premium. 2. Hire Managers Buyers like stability and they dislike risk. One way you can decrease the perceived Telephone Number List risk of acquiring your business is to put good managers in place.
If you are able to hire managers and build in a chain of command Telephone Number List that removes you from the day to day running of the business, while ensuring it still runs efficiently, you have taken away a significant stumbling block for many buyers. A profitable business which comes Telephone Number List with well-trained managers who know the business well, and are willing to continue running it from the day one, is an attractive proposition that many buyers will not pass up on.
Put Business Systems in Place During the preparation Telephone Number List period, aim to have all your business processes documented and working in a defined system. All business practices should be well-defined and each member of your organisation should have a clear role Telephone Number List with a well understood job specification. Use the preparation period to build in systems which explain and document how Telephone Number List each process of your business works and all employees should be well versed in how these systems work. Building in systems is important as it will improve a buyer's confidence and this will lead to better offers.