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Session 3: Ready. Set. Sell. – Preparing Your Business for Sale

October 13 @ 7:00 PM - 8:00 PM
You may be ready to sell, but is your business? In this workshop, join Alison Minato of Ownership Design Group as she discusses what buyers

Selling a business is more than a transaction, it is a journey. Like all successful journeys, it takes time and planning to make sure the bumps in the road don’t take you off course. A business that is ready to sell is one that allows the owner to fully step away from the operations and receive the maximum value of it’s worth. To get there, planning and preparation now will make a future sale much easier. In our next succession workshop, Alison Minato of Ownership Design Group will discuss the steps to take to make sure your business is ready to sell and the common pitfalls to avoid.

Content:

  1. What Buyers Want – A summary of the features that make a business attractive to buy.
  2. Preparing the Business – What needs to be done to sell:

a. Owner Dependency – Making your business self-sustaining

b. Financial Readiness – Profitability, taxes, and financial statements

c. Operational Readiness – SOPs, organizational knowledge, and tangible processes

d. Customer and Supplier Readiness – Contacts are in order and not dependent on the owner

e. Technology Readiness – CRM, POS, ERP, and online accounts are organized, accessible, and useful

  1. Assemble Your Team – Who needs to be part of your support team and where to find them.

Details

Organizer