Just as enhancing the value of your company is an ongoing process, so is preparing your company for sale. As with any planning endeavor, the key is implementing strategies that will have the greatest impact. VERCOR professionals have a wealth of information available to assist you in preparing your company for maximum sale value. The following data will help you start the process:

1. Prepare mentally and emotionally for the process. The business sale transaction is lengthy with many highs and lows. Click here to see 5 things every business seller should know.
2. Evaluate the condition and appearance of tangible assets. This simple, yet effective, step is critical to the impressions of potential buyers. Does the business show well? Is it attractive in appearance? Is the facility clean, painted, and bright? If the office is cluttered and unprofessional, a buyer might assume the business is unorganized is unprofessional.
3. Shore up the overall reputation in the community and industry. As a result of positive reputation, you can attract higher quality employees, win customers more easily, and attract better service and terms from vendors.
4. Rate your company's performance in key areas, such as profitability, growth rate, customer diversification, return on investment, and management team development.
5. Conduct an internal due diligence check annually to ensure key corporate, operational, financial, and legal information are in order.

Is there a perfect company - one that is 100% prepared and has no weak spots? Of course not - every company has deficiencies. In order to maximize your selling price, VERCOR helps prioritize the most important areas to address. For other factors that prepare your company for sale, click here.

Exit StrategySelecting the Right TeamComplimentary Value Enhancement Checklist