The more your business revolves around you, the more risk buyers see. To increase business value and marketability, build a strong management team.
Work yourself out of the business by developing an experienced, empowered management team. The less the business is dependent on you and your knowledge or relationships, the less risk buyers face in a transition. And less risk translates to a higher sale price. Also, more buyers will be able to buy your company if you have a strong management team, which increases competition and further enhances the probable selling price.
For further information or to discuss your situation or a current M&A need, contact Al Statz, 707-781-8580 or firstname.lastname@example.org in our Sonoma County, California office. Exit Strategies Group is a partner of Cornerstone International Alliance.