Increase your company valuation by managing business risk
When the day comes that you present your company to a third party for them to consider buying, they will look for two things. The first is how will acquiring your business enable their own. Second, what risk would there be in acquiring your company.
You will want to use time as a friend starting now to prepare your business in a way that helps you present it one day to third parties so that they see acceptable risks in buying it. As we wear the glasses of future acquirer’s for our clients, here is a great template we use to help them think through what kind of risk might be seen in their company. (Business Risk Assessment Template)
Start today on your journey to a future euphoric outcome from the sale of your business. Wear the glasses of a future acquirer today and determine where they might see risk in your business and begin taking steps to reduce or eliminate that risk.