Thinking of selling now or in the not-too-distant future? Here are a few things to do that will definitely help - and, if you decide not to sell, they are items you should do anyway.
- Develop an Operations Manual and an Organizational Chart.
- Remove personal assets and expenses from the business.
- Resolve any pending litigation or regulatory issues.
- Finalize any copyrights, patents or trademark issues.
- Sell off any non-producing assets or equipment.
- Make sure financial records are clear, concise and current.
- Get Employment Agreements and Non-Disclosure Agreements with key employees.
- Build a detailed customer/client list and obtain contracts with them if possible.
- Formalize agreements with suppliers and vendors if possible.
- Make sure your website is current and really impressive.
