Selling your business can be a really stressful process. Many unprepared business owners break under all the pressure and it can get pretty ugly. But it doesn’t have to be that way. Fiona Yiend, the head of our M&A division at Aspect Legal, talks about a battle plan that will help you exit your business elegantly.
- Selling your business is an emotional process
- Have a clear plan for what you want to do after sale
- Always have an alternative plan ready
- Don’t overstep your preparedness
- Be aware of what could happen in the environment
- A bit of knowledge can be a burden in this area
- Tie up all loose ends quickly
- Getting professional advice can make all the difference
- Know how to celebrate your success in the end
As you may already know, we’re all about helping business owners achieve a successful and smooth business exit. And because selling a business can be a rigorous process, preparation is critical to exiting elegantly.
In this episode, Fiona Yiend, who heads up our M&A division at Aspect Legal, talks about the many ways business owners can prepare themselves for exit. This battle plan also provides helpful insights for professional advisors working in the business sale and acquisition space.
If you want to hear more from Fiona about this topic, check out our three-part series with her where she talks about the legal perspective of preparing for exit. She dives into three important areas that need to be legally protected in preparation for a business sale. These three are people, value and assets.
Our Business Sales and Acquisitions Services
Aspect Legal has a number of great services that help businesses prepare for a sale or acquisition to help them prepare in advance and to get transaction ready. And we’ve also got a range of services to help guide businesses through the sale and acquisitions process.
We work with clients both big and small and have different types of services depending on size and complexity. We provide a free consultation to discuss your proposed sale or acquisition – so see our show notes on how to book a time to speak with us, or head over to our website at Aspectlegal.com.au
Disclaimer: The material contained on this website is provided for general information purposes only and does not constitute legal advice. You should not depend upon any information appearing on this website without seeking legal advice. We do not guarantee that the contents of this website will be accurate, complete or up-to-date. Liability limited by a scheme approved under Professional Standards Legislation