Mar 09, 2018
Every owner wants top dollar when selling their business. But so many folks leave money on the table by overlooking risk. If you can identify risk and reduce it, you can effectively increase your sales price and probably sleep better at night too. Here are some things to consider.
Customers and vendors: Variety is the spice of life – and key to reducing risk in your business.
Your people: Keeping your house in order can grow your business and cut potential risk.
The bottom line: It always comes down to money, so make sure your financials and insurance are in good shape.
Your insurance agent can help you find coverage that meets the changing needs of your company.
Putting it all together
Reducing risk can make a difference in the speed of a business sale as well as the final price. Getting prepared before you go to market can really pay off.
If you have questions about selling your business, a mergers and acquisitions advisor can help. Call O’Keeffe & O’Malley at 913-648-1085 for a confidential meeting.