Episode Details
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TSS 246 - How to Make Sure Your Business is Ready for Sale
Description
Resources:
- Come and visit my website at (https://www.thesiteshed.com/)
- Check my latest podcast or listen to the previous ones (https://www.thesiteshed.com/podcasts/)
- Tradie Web Guys (https://www.tradiewebguys.com.au/apply)
- The Contracts Lawyer (www.thecontractslawyer.com.au)
- Personal Property Securities Register (https://www.ppsr.gov.au/)
- Check out Part 1 of this series with Helen Kay (https://www.thesiteshed.com/blog/contracts-1/)
- How to Sell Your Trades Business Series
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- Episode 220 (https://www.thesiteshed.com/blog/brandon-1/)
- Episode 221(https://www.thesiteshed.com/blog/brandon-2/)
- Episode 222 (https://www.thesiteshed.com/blog/brandon-3/)
Selling your business. This topic should make business owners curious about whether they are planning to sell or not. As a business owner, it can be considered a wise thing to do if you start preparing your business with the end in mind, especially because one of the key factors that determine if a business is thriving is if it is ready for sale.
In this episode with Helen Kay, The Contracts Lawyer, she emphasises the importance of getting help from experienced professionals to help with the sale of one’s business and the tasks that business owners can do themselves to make sure the sale goes smoothly. She also talks about the stages of selling a business, the seller’s due diligence, etc.
I highly recommend that you tune in to this episode as it provides vital information about preparing your business for sale.
What’s Discussed in This Episode:
- An overview of The Contracts Lawyer and recap of the previous episode [3:54]
- Getting into the business of ‘selling your business’ [5:27]
- The legal business health checklist [8:47]
- The importance of working with experienced professionals [10:42]
- Stages of selling your business [12:53]
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