Tips for Maximizing Value

Few businesses are perfect, but is there something that lurks in the operation or financials that could be a problem for buyers when they perform due diligence? Oftentimes, there can be issues like new competition, outdated technology, old equipment that needs replacing, loss of the largest client(s), loss of key employees, problematic equipment or real estate leases. Business owners must be realistic when reviewing their business before putting it on the market. If there are “Elephants in the Business”, they must take steps to solve those issues or accept a lower selling price or no buyers at all.