Posts by nmd.admin

As noted in Part 1 of this two-part series, committing the business owner’s knowledge of the company to a thorough, detailed budget addresses numerous questions and increases credibility with buyers. Similarly, formalized multi-year projections are instructive since they provide insight into the business owner’s view of and plans for the future. Business owners often say “I…

Let’s face it. Preparing a monthly budget and multi-year projection is hard. It can take several years to determine the best way to prepare them. If the business owner has not historically prepared a budget pr a multi-year projection, learning to do several years prior to a sale process will be very constructive. Specifically, it…

Within the bounds of preparing for sale, the preparation of internal accounts is paramount to ensuring that all financial and potential projections are as accurate as possible. Consider this scenario: Your receive an unsolicited inquiry from the ultimate buyer for your company. This buyer represents the best business fit, is informed about your company’s products…

The relationship between financial planning and the sale of your company helps to outline the importance of completing a business valuation during the planning process. Various approaches and considerations must be taken to determine business value. though it is within best practices to remember that market activity can vary from company to company and industry…