Valuing and preparing your business for sale is a critical process in business and cannot be overemphasized. However, this culture is yet to enjoy the warmth Nigerian entrepreneurs.
To further create awareness on the importance of a business exit culture, Compex Africa; Nigeria’s first online market place for buying and selling businesses organized a one day business exit forum to discuss with business owners, sellers, buyers and legal practitioners.
The event which held at The Landmark event center on the 9th of December 2016 witnessed a huge turnout of participants which further validates the fact that business exit is important and business owners need to know how to develop a business exit strategy.
The guest speakers at the event were : Collins Onuegbu; Founder Signal Alliance , Sasware Nigeria, Ikechukwu Ubahakwe; Partner, Astute & Young, Damilola Aloba; Associate Director Transaction Advisory Services Ernst & Young and Ukachukwu Obinna; Head SME Banking, Stanbic IBTC Nigeria.
Part of the highlights of the event was the discussion on key considerations in preparing your business for sale which includes an attractive business plan, strong financials, experienced advisers, and experienced management.
Finally, the Chief Operating Officer of Sasware, Ifeoma Uddoh, talked about the long term goals of Compex Africa, how to sign up as a buyer or seller and how to enlist a business.