Top tips and expert advice were the order of the day at the Succession Planning workshop. We looked at the Planning Process which is critical to maximising the value of your organisation, How to value your business, Business keystones and aligning your business for sale, finding the right people to help you achieve your goal of a successful sale, When is the right time to exit, why do people buy and these were the 7 top tips of the day.
1) Plan early
2) Make clear any deal breakers
3) Be realistic on value
4) Be open with advisers
5) Retain good lawyers
6) Accept time commitment
7) Anticipate questions before they are asked
from Randall & Payne would be delighted to answer any questions you may have if you weren’t able to attend. Please don’t hesitate to drop them a line.