Boosting a business’ value – a Pro Manchester event
Today saw corporate solicitor and partner, Mark Traynor, present to 50 of the region’s business community on how a company’s value can be boosted ahead of sale.
Many business owners work relentlessly on building a business in their vision and are looking for an exit strategy that suitably rewards that. Mark opened up by walking through the market backdrop. Looking at the current market conditions and unavoidably addressing a post EU Referendum world, Mark talked through economies affecting the UK, foreign investment and the banks’ attitude to investment which can all impact M&A activity.
He talked about common mistakes made by business owners when planning for a sale – from unrealistic aspirations to personally being too integral to the business’ success. Moving on to issues that can decrease the value of a business, companies should avoid issues such as an overreliance on one customer or taking their eye off the ball during the process.
Rounding off with a Q&A, Mark addressed the fact long-term planning and preparation is paramount. To find out more or ask any questions about selling your business, please contact: Mark Traynor, 0161 358 0532 firstname.lastname@example.org