Set your business apart by focusing on the basics
Key value drivers for your business
Whether a buyer will pay premium price for a business depends on their perceived value. With this in mind, there are key value drivers that must be in place before an owner even considers beginning the sale process. These include: increasing cash flow, as well as having sustainable business systems, a motivated management team, a solid customer base and more.
This white paper outlines seven value drivers to help reduce risk and grow your business, potentially making it more attractive to potential buyers.
“Most parents would prefer to simply give the business to their children; however, the reality is oftentimes they can't afford to do that because the parents need to extract some value out of the company to be able to afford a comfortable retirement.”
Mike Benedict
Business Transition Advisor at BOK Financial