Selling a business: maintaining an accurate financial plan

Peter Butcher is one of our Chartered Financial Planners who works to help successful business owners, company directors and professionals overcome the complexity and stress of managing money. Here, he explains his key strategy for clients looking to sell their business.

Peter said: “I think one of the big things is if you can build and maintain an accurate Financial Plan prior to the sale of the company, then it can often give you some really good context in terms of the value that you choose to sell the business for.

“If you decide that your business is worth a certain amount of money and you want to sell it for that amount, if someone came in with an offer that was less, you might decline the offer.

“The key thing is really how much you need from that business to give you the lifestyle that you’re after. That’s the number that we can often help provide business owner clients with.

“It’s not for us to tell clients when to sell, when not to sell or how much for, but what we can do is to provide them with the information that allows them to plan their own personal finances.

“If your Financial Plan is as accurate as possible with all eventualities included, then that’s the number that people are after.”

Experience true financial planning at our cost: contact Peter Butcher to book a free initial consultation meeting at pbutcher@clarionwealth.co.uk which is backed by our Clarion Guarantee. If you are not completely satisfied with the value of the service you have received after the fourth meeting, when you receive your written financial plan, we will waive all fees.