There’s no arguing that banks, potential investors and creditors look heavily to a company’s financial statements to determine its value. However, past financials often aren’t the whole story. Below are five additional factors to consider as you seek to maximize your company’s value, whether you plan to sell soon or simply want to be ready when that day comes.
When getting ready to sell a business, one of the first issues an owner must consider is the hiring of a business broker. Brokers can be especially helpful in the sale of a retail business because they handle a wide variety of tasks, including business evaluation, advertising or marketing the business, prospect interviews, negotiation, due diligence interactions, and other critical aspects of a sale.