10 ways to maximize the value of your business
Some things bear repeating. For instance, the sale of a business requires that its owner or owners do some serious planning and implement measures that will not only speed up the sale process and make it more effective, but also maximize the value of the business. An overview of the 10 items that we believe to be crucial in attaining this objective is provided below:
Before entering into any process to sell a business, the owner or owners must first identify their needs and objectives, develop the best strategy for bringing the transaction to fruition, identify the potential buyers/investors that will be approached and prepare a full disclosure document identifying and highlighting the major value drivers of the business. Accordingly, the choice of the right advisor is a key factor that all entrepreneurs should consider as soon as they decide to launch the process of selling their business.
About Richter: Founded in Montreal in 1926, Richter is a licensed public accounting firm that provides assurance, tax and wealth management services, as well as financial advisory services in the areas of organizational restructuring and insolvency, business valuation, corporate finance, litigation support, and forensic accounting. Our commitment to excellence, our in-depth understanding of financial issues and our practical problem-solving methods have positioned us as one of the most important independent accounting, organizational advisory and consulting firms in the country. Richter has offices in both Toronto and Montreal. Follow us on LinkedIn, Facebook and Twitter.