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 […]