You should sell your business when you are ready and when the time is right. The following list of items will not only add value to a business but will also increase its marketability. If you are not ready, contact us today to learn how our Advisory Services can increase the value of your business.
- Increase sales annually
- Remove yourself from the business
- Develop a strong management team
- Replace family members that work in the business
- Reduce the amount of owner perks
- Sell unnecessary assets
- Reduce inventory to a manageable level
- Develop a strong sales force
- Diversify the customer base
- Develop an organizational chart
- Reduce unnecessary large purchases
- Additional steps used to prepare for a later sale
• Eliminate unproductive employees
• Develop and/or improve company website
• Have written procedures for operations (i.e. employee manuals)
• Keep you’re A/R higher than A/P
• Keep A/R within 30-60 days
Recent Posts
