Whether you’re five or 50 years into your business, you’ll want the same outcome when you sell: you want to have protected the value you built into the business, increased your personal wealth and reduced the amount of taxes to be paid out. You might ask yourself how can I make my business more valuable? Start building your business to sell it.
Making Your Business More Valuable
Start by knowing what your business is worth. Get a Business Valuation to determine what gap if any you have to provide sufficient proceeds to support your retirement. Identify the value drivers for your business, the changes and improvements to make over the next few years to add value and the professionals to help you ensure the best structuring from a tax and change-of-ownership perspective. Lawyers, accountants, bookkeepers, bankers, wealth advisers, marketing specialists, insurance professionals, and business coaches, each have valuable expertise and services you can draw on.
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