We are live at last
It has been a long time in the making but Whateley Capital Investments is finally live and raring to go.
Our CEO Mark Whateley said, “As business owners ourselves we understand fully the sacrifices you have to make to start and run a business, let alone making a success of it. Sadly none of us are getting any younger and all good things have to come to an end, so if you are one of the many business owners approaching retirement and starting to think about your future, then we could have a solution for you.”
Exit planning is really important for business owners and you should always take professional advice but here are a few things to think about.
Why you should sell – do you have anyone competent to pass the business onto, if not you should consider whether a sale is more beneficial than just shutting up shop. Selling to an investor can mean that the business continues to service its customers, that employees keep their jobs, and the legacy you have built up continues to prosper.
How you should sell – advertising your business for sale is no guarantee of a sale but there are lots of really good business brokers out there. To avoid the commission a broker charges, you may be able to get your accountant to advertise it for you on a site like the Business Sale Report, or make an enquiry with a private investor like Whateley Capital.
Who should you sell to – that depends very much on what you want to happen to the business after it has been sold. If you care about legacy and the security of your workers then think hard about who you are selling to and what their motivations are – don’t just go for the highest offer.
Mark also said, “having spent over 20 years improving other people’s businesses we can’t wait to build our own portfolio of businesses and get stuck into helping them get to the next level.”