How can you sell a business in the UK? Are there any easy ways to get this done?

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How can you sell a business in the UK? Are there any easy ways to get this done?

2 Answers

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Answer 1

I presume you’re looking to sell a business you already own, in which case this infographic I saw will give you a rundown on the main steps that you’ll need to follow. Here’s a quick rundown of what you need to do:
1) Work out when it’s right for you to sell
2) Decide what makes your business saleable
3) Team up with the right people to get this done (accountants, lawyers etc)
4) Come up with a realistic value for your business, built on your assets, profitability and revenues
5) Sort out your accounts, contracts and other documents so that everything is in order
6) Find the right buyers, advertise your business online and in relevant publications
7) Whittle down the buyers to those that are up to scratch
8) Negotiate the terms of sale, and walk away if you aren’t happy with any aspect

Answer 2

These are all great ideas, and the most important thing to recollect is to plan everything out before you spend any cash on these ideas and you have a good idea of what your business is about uni assignment writer online. Even though the fact that these are for the most part extremely inexpensive, they can include if the small business spending plan isn't overseen properly.