Episode A5.011 Prepare Financials for a Sell Now Plan & Next Plan

Introduction
Today we will be talking about how to prepare your financial statements for the sale of your business or in preparation for the next plan for the business – what I’ve been calling the pivot.
I can’t even begin to tell you how important this is when moving to this next step, whether it be preparing for the due diligence you will go through from the potential buyer or possibly seeking financing for your next venture.
There is a lot to do to get ready, but hopefully much of the details will already be available if a valuation has already been done.  

Have a great business week.
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Show Objectives
By the end of our time together we are going to have a better idea about how the financials need to be presented when heading into due diligence.

Key Issues - ​Owner/Manager Perspective:
1.    Determining the accuracy of your numbers
2.    Compilation
3.    Review
4.    Audit

What You Need to Know
1.    The financial report checklist
2.    The due diligence checklist for financial statements.

What You Need to Do​

1. Re-casting to get the owner's discretionary income.
2. It’s all in the presentation

 
Shows

• Previous: Episode A5.010 Monitor Progress on MBO 
• Next: Episode A5.012 Summary of Season 2  

Written by Ellen McIlhenny - https://www.cfoplusservices.com, ellen@cfoplusservices.com


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