When is the right time to plan your exit strategy?

Added by Love Business East Midlands | 28 January 2020

UPDATED: 11 February 2020

We talk to a leading corporate finance specialist about the things to consider when selling – or buying – a business.

Simon Bursell, Independent Corporate Finance Consultant

Listen to the Podcast now:

Selling your business, for whatever reason, is often the culmination of years of hard work, blood, sweat and tears.

Whether you are looking to retire, change your lifestyle or simply let somebody else take the reins, selling a business is not something that not many people have to do more than once, so it’s crucial that you get it right first time.

Selling the business you have built up from scratch can have a huge impact, both financially and emotionally, which makes putting an effective exit strategy together of critical importance.

After all, not only do you want to make sure that you get the best deal, financially, for your business, you’ll also want the peace of mind of knowing it’s being left in safe hands.

In this episode of the Love Business Podcast, we talk to leading independent corporate finance consultant Simon Bursell about the best ways to bring about the sale of your business.

He shares his advice, tips and guidance on how to prepare for the sale thoroughly, understand the sales process, choose the right buyer, and negotiate the right deal.

Good planning will help you maximise the value you get, so if your ultimate aim is to sell your business when the time is right, then starting to think about the possible sale of your business now will stand you in good stead.

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