In this episode, I demystify the often complex process of preparing your business for sale. From unexpected offers to due diligence, I provide actionable steps to ensure you're ready for any opportunity that comes your way. Learn how to clean up your financials, document operational procedures, and mitigate risks to build buyer confidence. Discover why it's crucial to have GAAP-compliant financial statements, a well-documented corporate structure, and key contracts at your fingertips. Whether you're ready to sell or just want to be prepared, this episode is your go-to guide for making your business a more attractive asset. Tune in now to start taking proactive steps toward a profitable exit strategy!
What You'll hear in this episode:
[00:50] Unexpected Offers: The Start of a Business Sale
[01:50] Understanding the Letter of Intent (LOI)
[02:15] Preparing for Due Diligence
[03:20] Importance of Clean Financials
[04:20] Key Documents and Metrics for Buyers
[11:50] Avoiding Deal Killers
[14:50] Final Thoughts and Next Steps
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
