We’re excited to share with you a recent article published in the Australian Financial Review, where Sevan Tuna and Garry Stephensen of Lloyds Corporate Brokers delve into one of the most critical aspects of business ownership and succession planning.
In today’s rapidly evolving business landscape, ensuring the seamless transition and continuity of your enterprise is of paramount importance.
“Planning an exit strategy today will help prevent every business owner’s worst nightmare of a fire sale and protect them against factors such as ill-health.” – Garry Stephensen, Lloyds Corporate Brokers
Implementing robust exit strategies is necessary to safeguard the hard-earned fruits of your labour. Proactive planning ensures that your legacy remains intact and that factors like ill-health or market dynamics don’t force you into an unfavourable position, whether retirement is imminent or a few years away.
“Understand the value of your business and the key valuation drivers. This will allow you to focus on maximising value whilst providing opportunity to those who come next.” – Sevan Tuna, Alexander Spencer.
Alexander Spencer has been assisting Lloyds Corporate Brokers in facilitating the buying and selling of private businesses. The firm’s exit, one of the most critical aspects of business ownership and succession planning, and transition work is overseen by corporate advisory partner Geoffrey Tulett. Alexander Spencer’s corporate advisory division offers a range of services in the M&A space, including valuations, due diligence, and succession planning.
Planning to sell your business soon?
Alexander Spencer, in partnership with Lloyds Brokers, can help you navigate through the complex process of exiting your business. Visit our Business for Sale page to check out current listings of businesses ready for sale in Victoria.