If you want to maximise the value of your business…
…then you need to be ready for the due diligence stage of the exit process, well in advance.
> Legal evaluation – all contracts, licenses, permits and IP need to be up-to-date and accessible. You must be able to demonstrate compliance.
> Know your stuff – a rigorous due diligence process involves being asked a lot of questions about a lot of topics, so don’t be fumbling for answers or taking forever to respond to specific enquiries.
> Understand the valuation process – focus on the variables which really move the dial. This is where many business owners fall short.
> Get support – due diligence can be complex and time-consuming for business owners. Getting expertise from outside of your business can accelerate the process and avoid leaving money on the table.
Don’t wait till the last minute to start preparing for due diligence. Let’s connect and have a conversation…