due diligence

Selling a Business: What you Need to Know

Selling a Business: What you Need to Know

As a business owner, selling a business can simultaneously be one of the most stressful, liberating, bittersweet and potentially exhilarating experiences of your life. It should not be taken lightly – the process of selling a business is tricky, and introduces all sorts of variables which could scupper the whole process at any point. This article is intended as a step-by-step guide to the sale process for business owners. We cover how to determine whether the time is right to sell, how to increase your business’ value prior to the bidding process, the sale process itself, and how to choose a buyer and complete the deal. Read on to find out more. How do I know whether the time is right to sell? Ask yourself these questions: Have I planned ahead? Selling a business requires careful planning ... »

11 Rules for Buying a Business

11 Rules for Buying a Business

A growing number of UK entrepreneurs are choosing to buy an existing business to grow, especially with banks looking favourably upon acquisition lending, rather than facing the struggles of starting from scratch. Finding an existing business where much has been done but there remains much to do can provide the same level of exhilaration as a start-up. If you are interested in buying a business as an alternative to starting up, then follow these steps to ensure that you know what to look for and how to be prepared. Do comprehensive due diligence Leave no stone unturned. Ask about the company’s insurance claims over the past three years, and any outstanding cases. Also make sure you see all financial statements from the past three years, including declarations of cash assets, intellectual pr... »