Clean up your books by removing personal expenses like family cars and spouse payroll. Then ask the hard question: can your business run without you? Buyers pay more for companies that don't depend on the owner to survive.
is having clean financials, putting every— having your whole operation running as efficient as could be. One of the things is understanding what's in your financials that you can back out and have the detail for it. So getting your wife's car out of there, getting your kids' car off there, getting your kids off the payroll, you know, and there's other things that are non-compensated things like what's your role in the company, the owner. Are you the key person? What happens if you were away for a month? Can the company still run? Because that makes it more profitable and more valuable to somebody.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
