Most business owners think that their business is worth more than it actually is. In fact, the majority of smaller businesses are either not saleable, or do not sell. The number one reason for this is that business owners fail to plan for the sale of their business years in advance of putting it on the market.
In this month’s June issue of the BAN Bulletin, Monique Sharland, founder and CEO of Business Accounting Network, reveals some of the main value drivers of business and shares a few tips on what you need to do together with your accountant to prepare your business financially in advance of any prospective buyer’s due diligence process.
Business Accounting Network’s accountants can assist you with preparing a 3 year financial plan that targets factors to increase the value of your business and will consult with you periodically, offering mentorship in auctioning the plan. We have also developed a due diligence readiness program that will prepare you and your business for prospective buyers in the future.
Click here to read the full article – How Saleable Is Your Business