Part of the Lifecycle of any business concerns its future once it has become established as a successful enterprise. Business owners may wish to continue reaping the financial and other rewards for a certain length of time, but may also eventually be planning either to sell the business or pass the business on to family members, co-directors or employees. In order to maximise the potential benefits from this process, an adequate amount of preparation needs to be undertaken. Often, a business may need to be prepared for a sale or transfer several years prior to the actual transaction taking place. Business Strategy Consulting has substantial experience of helping small business owners prepare for a sale or succession transfer. This may involve: Creating or updating a robust Business Plan (to show the future potential for the business, including Financial Forecasts) Drawing-up a detailed Memorandum of Sale (particularly explaining the key advantages of the business) Drawing-up a Non-Disclosure Agreement (essential for the protection of confidentiality) Advising on Director/Shareholder Agreements Advising on Physical and Administrative preparations for the business, relating to image, efficiency and customer service As a Consultancy, we also get involved in negotiating the sale or transfer in order to safeguard the interests of the vendor/transferee. Being emotionally detached from the business can give significant advantages.