On this episode of The Inside BS Show, Dave Lorenzo explains why 18 months is the ideal minimum time to prepare your business for sale. Whether your business is running smoothly or needs significant cleanup, this timeframe can make the difference between a mediocre exit and a life-changing one.
Key Topics Discussed:
- Maximizing Valuation
• Cleaning up financial statements and tax returns
• Removing lifestyle expenses and unrelated payroll from the books
• Building and documenting recurring revenue streams
• Resolving compliance issues and legal matters - Fixing Operational Weak Spots
• Reducing dependency on key individuals
• Addressing customer concentration risks
• Creating systems and processes that allow the business to run without the owner - Strategic Positioning for the Right Buyer
• Making the business attractive to private equity and strategic buyers
• Identifying competitive advantages in geographic or industry niches
• Positioning for vertical integration opportunities
Call to Action:
Call us at (305) 692-5531 and buy The 60 Second Sale: https://www.amazon.com/60-Second-Sale-Ultimate-Relationships/dp/1119499763
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