Are you planning to exit in the near future? The best way to start is to get your financials in order. When a buyer evaluates the sale of your business, you must have accurate and detailed financials in order. Not only do accurate financials help your business run more effectively, but they also give the buyer a greater understanding of how well your business is functioning. Here are a few tips to help your business more attractive to potential buyers, and how an exit strategy can help you.
When it comes to planning a business’ exit, it all begins with keeping excellent financials. As you, as an investment banker, work to prepare companies for the sale of their business, we can help. Here’s how TGG helps Investment Bankers and M&A Advisors prepare companies for sale
Many companies do not have financials that are clear and reflect an accurate representation of their business’ performance. At TGG, we pride ourselves on accurate reporting and expansive financial knowledge. We help transform your client’s books to ensure they are set up for success as they plan for exit.
As the effects of coronavirus continue to unfold, you may have decided that it is time to sell your business and move on. As a business owner, it is vital to have a plan for a possible exit as soon as you start your business. How can you start planning for your business’s future? Here are a few tips:
You’re thinking of selling your business…now what? It can be an overwhelming process to know where to start and what buyers are going to be focusing on. Here are some pointers on where to start as you target a future exit; which revolves around planning ahead and running a financially conservative business.
Quality of Earnings Report
Historically, companies planning for an exit strategy would focus on three years of audited financial statements as the standard reporting expected by a buyer. Today, a Quality of Earnings Report is much more desirable. For either of these to be effective (or even possible) however, you need to have accurate books. With those in place your CPA can come in and give you a Quality of Earnings Report to prove beyond a doubt to a potential buyer that the financial information you are providing is correct.