Mark Osborne explains how to prepare a company for ownership transition or sale. Get your finances, operations, and transactions in order so a buyer can step in smoothly. Protect what you've built while keeping the process confidential.
you're getting the company prepared to do something of that and to move forward, you know, everything financially, transactionally, operationally, you know, get it to a point where that handoff, you have somebody who's interested in taking it over and then they're taking it over is, you know, is capable. There's synergy there for the parties to align to move forward because certainly the organization is still one of your passion projects, still one of your babies. You don't want to have it to get run into the ground while you've moved on also. So I said, you know, also, and then there's that aspect of it as well. And then obviously, as it commonly occurs in M&A, most of those transactions tend to be more confidential and not as open, even with a company's own team members.
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