Nikole Mackenzie and Scotty 'OKR' Scarano dive deep into what every business owner needs to know about preparing to sell their business. They cover the foundational steps to not only making your business more attractive to prospective buyers but also ensuring you maximize its value. From the importance of having clean and accurate financial statements to avoiding common pitfalls that can diminish your business's worth, Nikole and Scotty share invaluable advice, stories, and tips gleaned from their extensive experience.
Whether you're thinking about selling in the near future or just want to build a more robust, sale-ready business, this episode is packed with insights that can't be missed.
Chapters:
00:00 Teaser
01:46 Introduction
05:19 Customer Concentration
07:42 Quality of Earnings
10:29 Work with an Advisor
15:02 Getting Your Financials in Order
17:40 Matching Your Books and Taxes
23:27 Other Book Issues
27:57 State and Local Tax Compliance
31:34 Bad Tax Write Offs
34:49 Conclusion
Connect With Us On Linkedin!
Nikole Mackenzie
https://www.linkedin.com/in/nikolemackenzie/
Momentum Accounting
https://momentumaccounting.com/
Scotty OKR Scarano
https://www.linkedin.com/in/scottscarano/
Padgett NC
Accounting High
