A client of mine called to let me know he received an unexpected purchase offer for his business and was seriously considering it. He asked, “what processes do we need to document to provide a more valuable package?”

You should consider doing due diligence on your own business. This will give you an idea of what can be documented now and what still needs to be created. Do you have anything documented that can be used without guidance?

Do you think this isn't an important step to sell your business? Imagine this scenario: 2 identical businesses, one with a documented process playbook and one where nothing is documented. Which business would you prefer? A business that will transition seamlessly from one owner to the next? Or a business that will be a struggle to learn and require the assistance of the previous owner until you understand the ins and outs?

A documented process playbook will increase the value of your business. This will give the new owner the ability to keep generating revenue while they determine any changes they want to make. What if you were the new owner? Wouldn't you value the ability to easily generate revenue and potentially grow instead of scrambling to keep your head above water?

And as the seller, wouldn't you want to be free of your business sooner after the sale? Without documentation, you could be stuck in a long-term Transition Services Agreement. Do you really want to hang around like that? If you’re selling your business, you’ve probably already imagined your next adventure.

You need to be ready for unexpected interest in your business. Documenting your processes makes the current business more efficient and your future more valuable. And I can help with that.

Are you overwhelmed thinking about what’s next? Creating or improving standard processes ensures you are delivering the same quality product and/or service to your customers every time. Contact me todayto learn more https://beckinsights.com/take-action