Author Archives for Chris Spratling

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Strategic Continuity: The importance of succession planning prior to selling a business

July 17, 2024 12:00 am Published by Comments Off on Strategic Continuity: The importance of succession planning prior to selling a business

Succession planning is a vital component of business strategy that often gains heightened significance when contemplating the sale of a business. While the sale itself is a significant milestone, the process of preparing for new ownership involves careful consideration of... Read more


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Navigating Transparency: When and how to inform your team about selling the business

July 10, 2024 12:00 am Published by Comments Off on Navigating Transparency: When and how to inform your team about selling the business

Deciding to sell a business is a significant and often complex decision that involves strategic planning, meticulous execution, and careful consideration of various stakeholders. One critical aspect of this process is deciding when and how to communicate the decision to... Read more


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The Strategic Imperative: The importance of being sale-ready

July 3, 2024 12:00 am Published by Comments Off on The Strategic Imperative: The importance of being sale-ready

Approximately 10-20% of business owners receive unsolicited offers for their businesses. Interestingly, a significant portion, around 30%, opt to sell to someone they already know. These 2 statistics underscore the importance of being vigilant and prepared for potential acquisition opportunities,... Read more


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Navigating Success: 10 common mistakes to avoid when selling a business

June 26, 2024 12:00 am Published by Comments Off on Navigating Success: 10 common mistakes to avoid when selling a business

Selling a business is a significant undertaking that requires careful planning, strategic decision-making, and attention to detail. While the process can be complex, avoiding common pitfalls is essential to ensure a successful and lucrative sale. Over the years I’ve witnessed... Read more


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Ensuring Seller Protection: Navigating deferred and contingent consideration in business sales

June 19, 2024 12:00 am Published by Comments Off on Ensuring Seller Protection: Navigating deferred and contingent consideration in business sales

Selling a business is a complex process that often involves various considerations, including the structure of the deal. In some transactions, sellers may encounter deferred or contingent consideration, where a portion of the sale proceeds is dependent on future events... Read more


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Navigating The Emotional Landscape: Strategies to avoid seller’s remorse when selling a business

June 5, 2024 12:00 am Published by Comments Off on Navigating The Emotional Landscape: Strategies to avoid seller’s remorse when selling a business

Selling a business is a significant decision that involves a complex interplay of financial, strategic, and emotional factors. As a business owner, avoiding seller’s remorse is crucial for a smooth transition and a positive post-sale experience. Most business owners only... Read more


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A Legacy In Transition: Passing the torch in a family business

May 29, 2024 12:00 am Published by Comments Off on A Legacy In Transition: Passing the torch in a family business

It’s funny what you attract, but over recent years we’ve found ourselves helping a number of family run businesses with multiple generations within them. Transferring ownership of a family business to the next generation is a significant decision that requires... Read more


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A Legacy of Care: Ensuring employee well-being under new ownership

May 22, 2024 12:00 am Published by Comments Off on A Legacy of Care: Ensuring employee well-being under new ownership

When selling a business, the well-being of your dedicated staff should remain a top priority. Handing over the reins to new owners doesn’t mean abandoning the responsibility you have for the individuals who have contributed to the success of your... Read more


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Strategic Synergy: The benefits of acquiring another business before selling your own

May 15, 2024 12:00 am Published by Comments Off on Strategic Synergy: The benefits of acquiring another business before selling your own

In the intricate world of business transactions, the strategy of acquiring another business before selling your own can be a powerful and strategic move. This dual approach presents a range of benefits for business owners, unlocking opportunities for growth, synergy,... Read more