Your Business Sold

What mistakes do people make when selling their business?

Understanding terms and conditions, valuations and what preparations you should making

A costly mistake can be to appoint the wrong business broker for the wrong fee only to find you are locked in to payment even if you find a buyer direct.

It is your responsibility to understand a brokers terms and conditions or to insist that terms are kept very simple. Click for example terms these are operated by www.hhcbs.co.uk.

Take time to compare the terms of potential business brokers and do not be pressured into signing before you are confident and happy that:

• You know what services a broker or advertising agent are providing for you
• You understand your commitments and you are clear of what the outcome should be
• You are happy with a brokers fee structures (businesses of higher value should be charged a lower percentage of sale price)




What do I need to know about selling my business? How can I avoid common mistakes?

Common mistakes also include over valuation, selling at the wrong time, not preparing the business properly and taking ones eye of the ball and etc. For more information download ‘the real world guide to selling a business’ which includes lessons and observations as well as case studies.

It is important to understand:

• What your options are
• What is a business broker?
• What are the different types of broker?
• What do business brokers charge?
• How much is your business worth?
• Should you go it alone?
• How does advertising work?
• What should I pay to advertise?
• Do’s and Don’ts, common mistakes made when selling a business <<
• How do you get maximum value?
• What is an exit strategy?