Where do you go to get good experienced and impartial advice?
Well, congratulations because you are now in the right place to begin a journey to significantly increase the value of your business and have it "ready for sale" to attract quality buyers. Make your business so good that you'll want to keep it forever but could sell it tomorrow! Remember, a business that's ready for sale is well worth keeping.
It all starts with preparation and planning.
DON'T START THE SALE PROCESS UNTIL THE BUSINESS AND YOU ARE READY!
If someone came knocking on your door and said "I'd like to buy your business. How much do you want for it?" Would you know how much you should ask for? Would you know what to do next?
You are probably so busy "doing business" that you haven't considered the end game. How and when will you sell and exit the business? You may be frustrated and worried that you will be stuck in the business forever. You could be ready to sell but don't know the best way to start the process.
Before you take the leap, it's important to determine whether your business and YOU are truly ready for sale. That's why I created this simple, yet powerful online assessment. Know where your business stands now!
Answer just 30 very simple questions (which takes about three minutes)
Get scored against the 7 essential elements you need in place to sell for the best price, quickly, easily and with no post sale issues
Get a personlised report which tells you exactly how to improve your business so you can sell quicker than you ever imagined!
Get a free one to one debrief (optional) with John on the results and look at options for the business
"Some years ago, I had a leadership management training business and at the seven-year point, I decided it was time to think about exiting. I merged my business with another business and the owner and I became business partners. We set a goal to "exit with equity in three years".
After the three years we decided to try and sell and came up with a value for the business. We put it on the market and tried to sell the business ourselves. After a six-month emotional roller coaster, which was not very pleasant at all, we failed to sell the business.
I told a good friend of mine, who had bought, built and sold a lot of businesses what had happened and he referred us to his recommended business broker. The broker told us selling a business is a process and you need to be ready and stick to the process. He also added, "You need to get the price right and by the way, you've priced your business too low."
We listed the business with him, added 25% to the price, followed his process and sold the business for the full price. We happily paid the broker's fee! It would have cost us a great deal more if we had sold ourselves not knowing what we were doing.
As a result of this experience, I realised how little most business owners know about valuing their business, how to have it ready for sale and what is involved in the sale process. I decided to use this experience to niche my coaching services.
Shortly after the sale, the broker who sold our business offered me training and a job as a broker with their firm. Over the next twelve years as a business broker, I sold many different types and sizes of business. Experience which I now use with all my clients.