Among several others.<\/p>\n

This is the stage in due diligence where you\u2019re going to want to bring your \u2018A Game\u2019.<\/p>\n

Bottom line:<\/p>\n

Present your business in a clear and concise manner, answering any questions as comprehensively as possible.<\/p>\n

Now:<\/p>\n

One of the challenges of due diligence is that your business, naturally, must continue to trade.<\/p>\n

This can prove cumbersome when updating the buyer\u2019s due diligence documents for sales and stock, since these are changing on a daily basis.<\/p>\n

If that\u2019s not enough.<\/p>\n

You will, of course, have to juggle the stress of running the business in parallel with selling it.<\/p>\n

Our best advice here?<\/p>\n

Simply accept the fact that, for a few weeks only, you\u2019re going to be busier than normal.<\/p>\n

Trust us.<\/p>\n

Due diligence is really no biggie. And it\u2019s certainly not worth getting irritated or overwhelmed over.<\/p>\n

Top tip:<\/p>\n

Whilst you should already be more than equipped to supply the information requested, there are two documents that will further streamline your due diligence.<\/p>\n

First up?<\/p>\n

A supplier agreement.<\/p>\n

I\u2019m not talking about a complex 100-page legally drafted document.<\/p>\n

Just a short headline summary of your payment terms, unit costs, quality control steps, and so on.<\/p>\n

The document should be signed by both parties, with a declaration that each unit produced will comply with your exact specifications.<\/p>\n

This leads me to:<\/p>\n

A product specification sheet.<\/p>\n

Again, this should be a clear, user-friendly breakdown of each SKU, including everything from dimensions, smell, and colour, right down to the thickness of the outer packaging, with pictures.<\/p>\n

In a nutshell.<\/p>\n

Approach due diligence with a positive outlook and well-prepared documentation.<\/p>\n

This will make the entire process smooth and painless.<\/p>\n

Above all?<\/p>\n

Give the buyer confidence that the foundations of your brand are solid and that you have a business that\u2019s worth investing in.<\/p>\n

Interested in finding out more?<\/p>\n