Never too early – Start preparing your business for sale now

Description

Abstract: Most business owners are too consumed with the day-to-day responsibilities of running a company to have time to prepare it for eventual sale. This article advises owners to plan ahead and start thinking about what a potential buyer may seek in an acquisition, such as name recognition or solid balance sheets. Businesses should perform a self-analysis, streamline operations as much as possible and scrutinize themselves through the eyes of competitors and strategic partners.