Make sure your advisors are asking you the right questions
Ask yourself this question – do my advisors proactively facilitate dialog that is helping me build the long term worth of my company?
For many private business owners, the answer to this question is “my advisors reactively help me think things through when I ask for their input but they aren’t proactive in bringing their business exit planning experience to me”.
To ensure that you are building a business that will one day attract a high degree of acquirer interest, make sure that you are using time as a friend today to be having the right internal strategic dialog helping you build such a business. At this early time of the new year, think about the value your advisors are bringing to you proactively versus reactively in preparing for a future euphoric exit event. Here is one of our articles to help you think about whether your advisors are being strategic or tactical in their help to you (read article)