Before purchasing your business, a properly advised prospective buyer will want to undergo due diligence. It’s a way to help ensure the information in any accounts or sales brochure that you’ve provided is accurate and that they don’t get any nasty surprises after the sale’s completed. Whilst most people can appreciate why due diligence matters for a buyer, the importance of due diligence when selling a business is often overlooked. In this guide, we’ll break down what due diligence is, why it matters, and how you can prepare for it. What is due diligence? Due diligence is the process of collecting all necessary information before making an important decision. Imagine you’re buying a house. You wouldn’t want to take out a huge loan or put your life savings into a property, just for it to crumble into dust the second the sale … Continue reading →