Improve your business by taking a vacation. In the first 2 emails we talked about making the commitment to sell and taking the time to setup professional financial reports. Now it’s time to look at how to make you, the owner, less important to the business. On a weekly basis we speak to owners who [...]
Preparing Your Financial Reports for a New Owner
Step #2 – What numbers will a buyer want to see? Of every email you receive from me, you’ll probably dislike this one the most. After all, what could be more boring than pouring over numbers, expense categories, and interpreting the seemingly made-up language of your accountant? However, great finanical reports are the BEST way [...]
Preparing Your Business for a New Owner – Step #1
Step #1 – Make the decision to build a sellable business. To make these emails quick and easily digestible for you, I’ll break them up into a few pieces. A sellable business is always worth more. Whether you ultimately ever sell your business or decide to transfer it to your children, it will always be [...]
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