The threat to businesses remains severe, according to the UK’s National Crime Agency. It has said that “cyber crime continues to rise in scale and complexity, affecting essential services, businesses and private individuals alike”.
With the onus on businesses to manage those risks, acquirers will take a dim view of firms that fail to put the necessary steps in place, such as maintaining strong access controls, keeping software up to date and making sure staff are trained in cyber security practices.
They may also look closely at the measures employed by your technology partners in providing solutions and software that is secure and continually updated.
Although selling your business is very different from selling your house, one common factor is the difference that improvements can make to the value of the sale.
Technology is key to making a good impression. From cyber security and system integrations, to governance processes and maximising the benefits of practice management systems, any firm can enhance its appeal by taking time to get into the best possible shape for a sale.
Nick Eatock is chief executive of Intelliflo
