BCMS launches new Frequently Asked Questions (FAQs) resource
Business owners embarking on a business sale process typically have a raft of queries relating to the multiple moving parts of a transaction. As an advisor working closely with the shareholders of ambitious privately owned businesses – many of whom have never sold a business before – we’re often asked the same questions time and again.
So, we thought it might be useful to collate our answers in a brand-new resource – the BCMS Frequently Asked Questions (FAQs) pages. Right here, you’ll find over 30 of the most commonly asked questions by the business owners we speak to, dealing with topics including valuation, confidentiality, legal covenants, staff awareness, buyer profiling, Private Equity investment, financial reporting and many more.
These all are genuine business sale questions, put to BCMS by business owners in multiple sectors, and at very different stages of their succession/exit planning.
This is why some FAQS are high level (“How long does it take to sell a business?”); while others explore some of the technical aspects of deal-making (“Why is Working Capital calculation important?”). In every case, we’ve tried to give straight, informative answers, and provide links to related topics so you can read around the subject a little more.
Many of the questions having accompanying FAQ videos from the expert deal teams at BCMS, which expand on some of the key points. Their answers are drawn from BCMS’ combined experience of hundreds of transactions, across multiple industry sectors.
We hope you find our FAQS useful – and we’ll look to add more in the future. As always, if you have a specific question not covered here – please do get in touch.