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.