Preparing a business for sale is ultimately about creating options.
A well-prepared business with sound financial management, capable people, effective systems, manageable risks and less dependence on its owner is generally stronger and more valuable, whether you eventually decide to sell it or not.
Applying these principles can help you identify weaknesses before they become serious problems, strengthen cash flow and financial controls, reduce business risk, develop succession and continuity plans, understand what drives business value and prepare for the scrutiny of a future buyer.
Most importantly, it can help protect something that may represent one of the largest assets you and your family will ever own.
Preparing early can give you greater freedom to decide when you step away, how you step away and what happens to the business afterwards, whether that means selling, retiring, transferring ownership to management or passing the business to the next generation. The book’s underlying objective is to build an asset that supports your financial security, protects your family and retains value after your involvement ends.
Reviews
There are no reviews yet.