There comes a time when it is time to step back from your business. Whether you are selling your business, passing it on to your family or simply wanting to spend less time at the helm, the things you need to do are quite similar.

We've created this page to offer our tipsresources and services that may assist you with improving the sale or hand-over of your business.


Where to Start

The most important thing when looking to exit your business is to ensure that your processes and systems are good enough that the business can survive and thrive without you. All the knowledge that is stored away in your head should be documented and easy to find. Your staffing should also be robust enough that they don’t need a business owner on-site all the time to keep them functioning.

Plan tiles business planIn short – you need to make yourself unnecessary.

You need to make the business easy to understand and transparent in how it works. You want prospective buyers to be able to see the value in what they are buying, and you want anyone taking over the business to be able to easily step in.

If you are passing the business on to your family, succession can be fraught. You need to be very careful to be fair to all family members. Many families have bitter relationships because of siblings feeling they were not treated fairly in the passing down of the family business.

The earlier you can prepare for selling or succession, the smoother the process will be. The good news is, the steps you put in place will increase the value of your business, improve its efficiency and increase your profit.

We suggest getting outside assistance in getting the business ready for sale or transfer. When you have worked in and on the business for years it can be hard to see what needs to be put in place, and even harder to put a realistic value on what you have put so much hard work into.


 

Free Resources for Preparing your Business for Sale or Succession

If you know of other free resources that would be useful to North Canterbury businesses planning on selling or succession, please send us the link for our consideration.

 


Local Selling and Succession Services

If you are looking for local business services to help we encourage you to view our list of Business Service Partners. These are businesses that have partnered with Enterprise North Canterbury and offer services for businesses in North Canterbury.

 

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BDO

BDO is a full-service accounting, audit, tax and advisory firm. BDO is part of a network of international member firms, with 11 independently owned accounting practices in New Zealand.

More Info

 

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North Canterbury Business Services

North Canterbury Business Services Ltd is aimed at providing the local help and support you need to succeed; letting you focus on what you do best, supporting your customers with products and services that are your expertise.

More Info

 

 Corcoran French Lawyers logo  

Corcoran French

Local lawyers offering effective solutions and peace of mind.

Our focus is on the small to medium business sector in NZ.  Corcoran French has strong ties to the North Canterbury region, having been part of the Kaiapoi community for 125 years.

More Info

 

 

 

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Saunders Robinson Brown

Saunders Robinson Brown is one of Canterbury's leading law firms, with offices in Christchurch and Rangiora.

Exiting a business can be a daunting prospect.  Our focus is on helping you get it right from beginning to end.  Ask us how we can help you.

More Info

     
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ANZ

Different businesses have different challenges. Whether you’re a sole trader, start-up, rural business, larger commercial or institutional business our specialists have the knowledge and experience to help you achieve your business goals.

More Info


 

Other Local Business Sale and Succession Services

If you offer a North Canterbury based business growth service and would like to be considered for the above list, please contact us.