Take advantage of this resource and work to prepare your business for sale.
Founding Partner Ken Miller shares insights from years of experience managing deals. It is important to properly prepare your business for sale.
Some key takeaways:
The first thing that will scare a buyer away is customer concentration.
It is extremely important to mitigate any legal risk the business may have.
One of the most important things a business owner doesn’t think about is key person risk.
You’re not just dealing with a buyer - you’re dealing with his bank.
It’s extremely important to develop your business’s growth story.
If you don’t have a reliable, experienced team, you’re at risk.
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