Professional skills needed when selling a business:
- Financial Due diligence
- Transactional Analysis
- Information Memorandums
- Communications
- Credentials & Experience
- Confidentiality
- Targeted Marketing
- Premium Presentation
- Negotiation Skills
Communication
Look for a broker who is open, honest, responsive to you, and is willing to take the time to understand you, your company, your people and your goals. A team player with a high level of communication and advice can be expected throughout the sale process. Efficient communication is essential to keeps advisors fully informed which allows for a smooth process to completion.
Credentials & Experience
Make sure your business broker has all the credentials and business management experience. Are they connected to attorneys, accountants, bankers, and other professionals and organisations who can all play a role in getting your business sold?
Confidentiality
All business transactions are to be conducted on a confidential basis, discretion and sensitivity in marketing and negotiations are essential to minimise risk and disruption to your business. Prospective purchasers are thoroughly qualified and must complete a confidentiality agreement before being allowed to enter the process together with client approval.
Successful Targeted Marketing
A smart business broker has the skills to find and connect sellers and buyers, with the aim of finding opportunities and benefits that will be pleasing to both parties. Having current and active databases with potential buyers is fundamental. These databases allow marketer to research potential organisations with more than 10 employees withing the corporate and private sector including international investors.
Premium Presentation
We prepare and outline a sophisticated and comprehensive Information Memorandum (IM). This is designed to provide purchasers and their advisors with sufficient information to make an initial assessment, as well as build their confidence to proceed with the acquisition.
IM’s are only issued to prospective purchasers after they have signed a Confidentiality Agreement, completed an Investor Registration, and have been approved by the vendor.
Ongoing Communication & Negotiations
Engaging the experience of a skilled professional with strong negotiation skills is essential. A high level of communication and advice can be expected throughout the sale process. Efficient communication is essential to keeps advisors fully informed and ensures a smooth process to completion.
If you are considering selling your business and need to start the planning process by Restructuring & Re-Positioning your business, why not book a complementary 1 hour consultation with Tim McCauley.
Strategic Business Consultant is headed up by Tim McCauley who does not work alone, his impressive professional background has allowed him to build a network of loyal, skilled and experienced business executives which he can call upon for more in-depth and industry specific consultancy.