Join us as we explore the world of selling businesses with seasoned Chartered Accountant, Gary Morley. He is also the author of the book, ‘How to Sell Your Business and Live Happily Ever After’ which is in its sixth edition.
In this insightful interview, Gary shares his expertise in planning, the selling process, and concluding a deal. Gain valuable insights and answers to key questions for business owners considering selling their ventures.
Discover the importance of having a contingency plan and seeking guidance early in the selling process. Understand the financial aspects, including the potential value of your business and how non-business expenses can impact buyer interest.
Explore crucial considerations, such as managing relationships, career transitions, relocation, and even rebranding. Learn from common mistakes, including inadequate family planning and succession.
Dive into the option of a Management Buyout (MBO) and its benefits and drawbacks. Understand the significance of maintaining confidentiality during the selling process and practical tips for doing so.
When it comes to concluding a deal, gain insights into determining the value of your business and the importance of written agreements. Discover valuable advice on tax planning and the implications of Entrepreneurs Relief.
For more on this topic and perspective, check out this episode on Succession Plus Youtube Channel and Exit Insights on Spotify.
