How dependent the business is on your own skills - and the likely extent of your future involvement.
Experience and commitment of key staff.
While some of these factors are outside your control and may affect the timing of your sale, you can take steps to make your business as valuable as possible. You need to start planning well in advance. Consider inserting an exit strategy into your original business plan.
Remember that any valuation you and your advisers come up with is likely to be subjective. Business owners often place too high a value on their business. In the end, the value of your business is only as much as a purchaser is prepared to offer.
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The management's record of success.
How dependent the business is on your own skills - and the likely extent of your future involvement.
Experience and commitment of key staff.
While some of these factors are outside your control and may affect the timing of your sale, you can take steps to make your business as valuable as possible. You need to start planning well in advance. Consider inserting an exit strategy into your original business plan.
