Preparing Your Business for Sale Part 6: Identifying Business Assets
Preparing Your Business for SalePart 6: Identifying Business Assets Blog,Exits and Retirements,Think Like a Shareholder,Valuation Increase,Wealth Building Exits and Retirements TL;DR When preparing your business for sale, identifying business assets, tackling surplus inventory, and documenting intangible assets are key steps that can enhance your company’s appeal to potential buyers. Minimizing outdated, surplus, or obsolete inventory […]
Preparing Your Business for Sale Part 5: Systemize and Document Business Operations
Preparing Your Business for SalePart 5: Systemize and Document Business Operations Blog,Exits and Retirements,Think Like a Shareholder,Valuation Increase,Wealth Building Exits and Retirements TL;DR Preparing for the sale of your business involves systemizing and documenting your operations, identifying areas of efficiency and optimization, and cultivating a strong second-level management team. Focus on: Systemizing operations ensures consistency […]
Preparing Your Business for Sale Part 4: Improving Profitability
Preparing Your Business for SalePart 4 : Improving Profitability Blog,Exits and Retirements,Think Like a Shareholder,Valuation Increase,Wealth Building Exits and Retirements TL;DR To prepare for a business sale, the focus should be on improving business profitability, streamlining operations, and improving market appeal. Key strategies include: Increasing Gross Margin: This can be achieved by cost optimization, reevaluating […]
Preparing Your Business for Sale Part 3: Improving Accounting Procedures
Preparing Your Business for SalePart 3: Improving Accounting Procedures Blog,Exits and Retirements,Think Like a Shareholder,Valuation Increase,Wealth Building Exits and Retirements TL;DR Preparing your business for sale entails several essential accounting measures. Boost profitability by shifting from tax minimization strategies and by optimizing accounting procedures. Transition to accrual-basis accounting for a more accurate financial representation, attracting […]
Preparing Your Business for Sale Part 2: Mitigating Yours and the Buyer’s Risks
Preparing Your Business For Sale Part 2: Mitigating the Buyer’s Risks Blog,Exits and Retirements,Think Like a Shareholder,Valuation Increase,Wealth Building Exits and Retirements TL;DR: Selling a business is a multifaceted process that demands careful consideration of various factors. Balancing transparency and confidentiality is key, as is the discerning sharing of information during the due diligence process. […]
Preparing Your Business for Sale Part 1: Key Planning Considerations
Preparing Your Business for SalePart 1: Key Planning Considerations Blog,Exits and Retirements,Think Like a Shareholder,Valuation Increase,Wealth Building Exits and Retirements,Wealth Building TL;DR: In this first part of our series on Preparing Your Business for Sale, we use Jane’s story from Precision Mechanics to illustrate the importance of proactive preparation. The unpredictability of life can dictate […]
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