Selling up: The importance of due diligence

Have you considered your exit strategy? What will happen to your firm when you decide to retire? Well-run businesses holding assets under management in excess of £100m are currently generating valuations of more than £1.5m. This means cashing out could be a seriously lucrative way to realise the fruits of your labour. However, selling a business can be a time-consuming and frustrating process that needs careful preparation and management. And with so much at stake, due diligence should be taken very seriously indeed. To ensure you are prepared for any approaches that come your w...