FOR SALE! The Ultimate Guide to Selling Your Business

FOR SALE! The Ultimate Guide to Selling Your Business

This programme will prepare you for the process of selling your business - not just numbers, but the emotional & psychological challenges.

By Prime Knowledge Limited

Date and time

Fri, 7 Jun 2024 09:00 - 17:30 GMT+1

Location

Exeter Court Hotel

Kennford Exeter EX6 7UX United Kingdom

Refund Policy

Contact the organiser to request a refund.
Eventbrite's fee is nonrefundable.

Agenda

9:00 AM - 9:45 AM

Introduction


Foundations and Philosophy - Who we are, how we operate, and our guiding principles and values that underpin what we will deliver and how we will deliver it during the course. Setting Expectations - ...

9:45 AM - 10:45 AM

SECTION ONE: PREPARATION. Why are you selling?


Understanding why you’ve decided to sell is critical in anticipating and planning for the experience that will follow as a consequence. Is the business sale actually masking a different problem? • B...

11:00 AM - 12:00 PM

Appraising the state of your business


What is the health of your business? • Are you overly dependent on key clients? • Are you integral to your business processes, supply chain, client base and HR management? • What is the long term str...

12:00 PM - 1:00 PM

Goal Setting


Goals for the Sale: Planning a future without the business. • What’s most important to you from the sale? • Timescales and Financial goals • Emotional and Relationship goals • What do you hope for, f...

1:00 PM - 2:00 PM

LUNCH BREAK

2:00 PM - 3:00 PM

SECTION TWO: IMPLEMENTATION


1. Models for Valuing a Business • Valuations based on profit (margin vs raw numbers), turnover, other models (order book, client roster) • What do you take out of the business (salary/dividends)? • ...

3:15 PM - 4:15 PM

SECTION THREE: EXPECTATION


Managing the emotional stress of secrecy • facing down the staff • making long term plans when you see a short term conclusion • Who to tell when • What to say and how to say it • Preparing for negat...

4:15 PM - 5:15 PM

What happens next?


Working through beyond the sale • Handovers and transitions • Agreed transition periods • Client retention strategies • Managing staff through a handover ‘Yesterday I was a business owner: today I’m...

5:15 PM - 5:30 PM

Conclusions


Review against Expectations Any final questions unanswered?! Signposting next steps

About this event

  • 8 hours 30 minutes

You will learn how to:

• Dispassionately analyse your motivations behind the sale

• Anticipate the challenges of secrecy from staff, clients, contractors and suppliers

• Identify and manage goals for the outcomes, both emotional and financial

• Create a power team with the right skills and experiences to match your goals

• Benchmark value based on differing models as well as your priorities

• Manage for the long term while planning an exit

• Find the best buyer without telling the competition that you are selling up

Adopt and adapt your mindset to face down and overcome all obstacles

• Build a plan for worst-case scenarios in negotiation and completion

• Consider the best processes to manage the transition for key partners

Prepare for the day after as your identity and occupation changes

This may be your first business sale, but you are not alone! Our event will encourage and inspire you through the shared experiences of the course creators, and the safe space to discuss candidly with fellow attendees.

Who Should Attend

  • Entrepreneurs considering the sale of their business
  • Directors and Shareholders of SMEs at or approaching a business sale
  • Business Owners looking for an exit plan within 3-5 years
  • Proprietors and Partners looking for alternatives to retirement
  • New businesses ‘starting with the end in mind’

Selling a business can create an emotional and psychological challenge like nothing before. If you’ve created or nurtured a company, you will have a strong sense of identity and pride invested in it. Unlike a house sale, you may need to keep all of the details, or even the very fact that you are for sale, a secret from those closest to you in the business. You’ll need both the have and to sell a long term vision for the company, but at the same time be mentally preparing to walk away from it. In many respects it can be the hardest of all business or personal transactions that you voluntarily enter into.

This course will get you ready to face all eventualities, so as to come away with the best possible outcome, both financially and on a very personal level.

Organised by

£1,405.88