A company ready for sale or continued operation needs clean financial records. Keep personal expenses separate from business accounts, like a car collection, so personal costs don't dilute the business's value.
What does it mean to be ready to sell? Or maybe if you don't want to sell, right? You want to continue. Yeah. In having a plan, having, for example, clean financials. So what does it mean, clean financials? Cleaning up financials means that, for example, personal items. Like you actually, uh, have a big car collection, right? And every expense that are related to your personal car collection go through the business.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
