Forbes released an article today titled Trying To Sell A Business? You Need To Look At It The Way A Buyer Would by Steve Parrish outlining the process potential sellers should follow to make themselves more attractive to prospective buyers once the Letter of Intent is signed. I found this article to be a great summary of how to best prepare yourself navigating the due diligence process, and it all begins with preparedness.
Within our company, we would call an intense self due diligence process an operational audit. The audit includes operational and financial review, interviews with key personnel, and a preliminary strategic plan. If you are beginning to consider selling your firm, we can facilitate the process and help set you up for success to get the most return on your years of hard work. If you’re interested in how to best prepare yourself give myself of Jamie Claire Kiser a call at 800-466-6275, or email me at firstname.lastname@example.org.