Obstacles Along the Way
Avoid These Warning Flags
1. Working Capital Concerns
“Cash is King” and without a solid 12-week cash flow forecast, you may have trouble finding buyers.
2. Being Owner and/or Stakeholder Dependent
Can your business run without you physically being there? Is your business dependent on one or two key customers/vendors?
3. Missing Accounting/Executive Experience
If you are unable to produce reliable financial statements and management reports, likely due to inaccurate or incomplete accounting records, this could signal to investors an inability to make effective decisions.
4. Undocumented Operations
Most buyers are interested in scaling your business and taking it to the next level. In our experience, these buyers are wary to purchase a business without documented policies, procedures, workflows, and step-by-step processes.
How do you Measure Up
Take our 13 minute assessment. Businesses with a score over 80
are offered 7x for their business on average!.