Following up on a blog post I wrote in January, I'd like to dive into the topic of management bench strength and its effect on an M&A transaction. Below we'll explore what it is, how it affects value, and things to consider before selling your business.
We all know the quote by Alan Lakein, "Failing to plan is planning to fail." This can be especially critical for business owners when they are contemplating selling their business. From our experience, below are five areas where an owner can focus to help maximize the value of their company.