You need to ensure that the business can run even in your absence. The most effective way of ensuring this is setting systems that ensure that your business is able to run on autopilot. This calls for you to clearly document the roles of each employee. You should also document what every employee needs to achieve within a given time.
When pitching your business to potential buyers you should clearly show that the business has the ability of running in your absence. Remember that no buyer wants to buy a business that requires full time attention. Also, no buyer will buy a business that will stop working once you leave.
Do you have any unwritten agreements with your suppliers and clients? You should put them in writing. In addition to making your business appear stronger, jotting down the agreements makes them binding and can't be broken. If there are any contracts that you had signed before you should check them and ensure that they are up to date. You should also renegotiate any contracts that you deem necessary.
Similar to when selling anything, you need to create a good first impression of your business. The advantage is that there are many ways in which you can give your business a terrific impression. Some of these ways include:
Business premises: you should look at the business in the eyes of the potential buyer. For a terrific impression, you should clean it up, maintain and paint the necessary areas. As guideline you should ensure that your premises abide by all the regulatory requirements.
Despite similarly sounding names, there are substantial differences between project and product development. These two concepts are typically confused with one another that sometimes even experienced people in the field find it difficult to tell the difference. So, if you plan on hiring a developer for product or project development, it is essential for you to conceptualize the difference between the two.