Building value from an investor’s perspective
Business owners planning to transition out of their business someday often ask me what I recommend as the first step. Regardless of whether they want to pass the business down to the next generation of family members or sell to an inside or outside buyer, I am likely to recommend the same activity: develop your own company prospectus.
Would you part with your own, hard-earned cash to buy your business today? If not, figure out why not and get to work.
“Why?” you might ask.