Preparation Is Key To Selling A Business This Year

Satvir Bungar MBE FCA, Managing Director & National Head of Business Services – BDO LLP
 
Selling a company is a unique undertaking and preparing for a sale is a crucial step in maximising the value of your business. In today's market, buyers are sophisticated and have high expectations. To navigate this complex process successfully, business owners need to plan, prepare and execute the sale with care.
Even the most sophisticated acquirers, from private equity firms to large corporations with in-house M&A functions, approach transactions with a team of professional services firms. Business owners may become overwhelmed by the process without their own team of advisers to help tackle the sales process.
This is where having a comprehensive analysis explaining how to prepare for and the process of selling a company can be immensely helpful. In this article, I summarise the key areas you need to know, focused around six areas of the process.
 
1. Pre-exit/sale planning:
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