Growth to Exit

You are in the process of selling your business, but the deal has not closed yet.

It usually takes more than 12 months to close a deal and finalize the selling process, so during that time, there is a lot that can go wrong.

While an active deal is in process, it is important for the business to operate as planned, and essential for you, as the business owner, to ensure you hit revenue projections, profitability goals, and other key financial metrics.

Here are some critical tips to consider before the deal closes:

- Get potential buyers to sign a non-disclosure agreement.

- Work with your business advisory team to make sure you are not disclosing more than you should early in the process.

- Focus on internal processes. Changes inside the business (departure of key employees) or outside (regulatory risks, industry shifts) can kill the deal.

- Work with your trusted attorney and CPA to discuss the tax implications of different deal structures and your possible tax liability.

Find out more about how to start preparing your business for sale at www.GrowthToExit.com

For the latest episode of the LIKE IT'S YOUR JOB podcast, we brought on two innovators in the debt capital delivery world: Joe Beard, CEO, and Joel Radtke, President & COO, of CollateralEdge who shared with us their backgrounds, experiences and philosophies on managing and co-founding a business.

"When you set your sights on building a great company, in a big market, with a difficult problem, you need to multiply the number of ideas,” explains Radtke.

“Having a true peer in terms of what you bring to the table is critical,” says Beard, who also sees it as a “two heads are better than one” situation with the complex nature of business.

Watch and listen to the full podcast episode, where our two guests offer insights and advice on how to select, manage and grow a co-founding and equal partnership relationship.

the full episode now on:
Growth to Exit - https://lnkd.in/g5_Mg93

to the full episode on:
Spotify - https://lnkd.in/gwciU5T
Apple - https://lnkd.in/gD89TcY