The Benefits of Building to Sell
We all agree that someday you will sell your business, and that planning for the sale will create a better outcome and get you closer to your sale goals. ?Simply put: building your business to sell creates a better sale outcome.? But did you realize that regardless of your sale timeline, “building to sell” creates a better business for you to run and enjoy right here and right now? Here are two areas of your business you can work on to benefit you both now and when you sell.
- Profits: One of the key metrics in business valuation, higher profitability will increase your sale price. Don’t wait to sell to do those little things to increase your price.? Implement those changes now and enjoy the increased profitability of your business.
- Infrastructure: A well run and documented infrastructure makes a business easier to sell.? But don’t wait to create those systems simply for a new owner’s benefit.? Get those processes in place now and reap the rewards of a business that runs smoothly, while you are the one to enjoy it.