![]() ![]() There is a risk to initiating the sale of your business and investigating suitable buyers. milk it for all it’s worth and then close the businessħ Things to do before you put your business on the market.leave the business to your children or a family member.sell out to your business partner or an investor. ![]() put your business up for sale on the open market.launch an Initial Public Offering (IPO).merge with a similar company to get more market leverage.Typically, you would prepare an exit strategy at least three to five years in advance, giving yourself time to build the business and realize its value and ultimately control how you will exit the business.Ī business exit strategy covers any one of the following: It’s wise to set out up front how you plan to exit the business when the time is right, not only because it guides decisions you’ll make along the way but also ensures you have more control of the process.Ī well thought-out exit plan has a big influence on management’s business decisions impacting on everything from technology and product development to sales and marketing. It might sound crazy but when you write a business plan for a new business, it should also include a business exit strategy. Once you know what is involved in selling a business, you can decide which option is best for you. You can sell your business yourself or you can hand it over to a professional business broker who has experience in buying and selling businesses in South Africa. What is due diligence and what to expect?ĭuty of care when selling a business in South Africa ✔️ How to find a suitable buyer for your businessĪdvantages and disadvantages of selling your business through a business brokerįactors to consider when valuating a business ✔️7 Things to do before you put your business on the market Others are forced to sell under circumstances beyond their control.Ī Quick Overview of Everything you need to know about Selling a Business in South Africa In fact, many plan it at the same time they launch their business and use their exit strategy to guide their business decisions. ![]() Some business owners plan their exit strategy years in advance. Selling a business that you set up from scratch and have worked hard to grow is a difficult decision and an overwhelming process.
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