Pre-due Diligence, Due Diligence Coordination, and Quality of earnings analysis
The process of exiting a business is extremely complex with pitfalls, traps and unique challenges that are unknown to most entrepreneurs.
Exiting a business for satisfactory terms and value is a long term process that involves developing realistic objectives, a viable strategy, business valuation, accounting clean-up, quality of earnings analysis, due diligence readiness, preparation of a confidential memorandum, locating the right buyer, financial, estate and tax planning, and many other requirements.
There must be clear and prompt communication among all advisors throughout the entire process. For most entrepreneurs exiting a business is the biggest and most important transaction of their lives. It can’t be left to chance or made with an inexperienced team.