Succession and Exit
Strategic Sales – My Business May (2012)
According to Bizexchange, the average small to medium business sells for roughly 2 times earnings, in 2011 MYOB sold for 11.3 times earnings. How do you sell a business for maximum sale value? Find a buyer that would consider your business a strategic acquisition. There are several reasons acquisitions are made strategically; to expand geographically, to add a new product or service to their existing client base, or to access a competitors existing client base.