If you’ve decided to pass your business onto family / staff or you’re heading towards selling, you will want to maximise the value of the business.
The list of things you can do to improve that valuation is long and been discussed here before so, here are a few more big ticket items:
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Put the sale or succession on the agenda – monthly meetings, accountant’s review, business plan
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Identify the personal expenses and assets in the business (we call them the ‘boats n benzes’!)
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Take a holiday – a long holiday – without being in touch. Fix whatever falls apart in your absence so that you can disappear forever
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Get the tax and structure sorted – some structures are more advantageous on sale
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Focus on profits – hard profits beat blue sky every day