Is now the right time to sell?

Covid-19 and lockdown has brought about many changes for people and businesses across the North West, whether that be adjusting to new government guidelines, supporting our employees, managing cashflow, home working, home schooling and embracing the digital world in new ways to allow us to continue to work or trade. 

As we continue to gradually emerge from what has been an incredibly difficult period for most people, the above question will apply to a wide variety of situations and circumstances. However, I want to focus on how this question applies when contemplating the sale of your business.

There will be many business owners who will understandably believe that the current economic climate and changing social environments do not provide an ideal basis to proceed with a disposal. However, there are businesses that have not only survived the pandemic but have become stronger as a result. These businesses and their leaders adapted quickly, realising that decisions had to be made and changes implemented.