In shape to sell – How fit is your business?
Abstract: Even when owners aren’t planning to sell their business for years, they should use the intervening time to make it more attractive to eventual buyers. To improve a company’s value and fitness for sale, businesses likely need to firm up their balance sheet as well as subject operations and even employees to performance and productivity measures. This process involves auditing financial statements to find weak spots, and making infrastructure improvements to reduce inefficiencies. And, since buyers may be more risk-averse in the future, a risk assessment is important, as well.