Preparing Your Company for Acquisition in 12 Months

Preparing for Sale in 12 Months

Start by "cleaning the house." This means getting your books in order and making sure all your paperwork is clear and up to date. Buyers want to see exactly how the money flows without having to solve any financial mysteries or hunt for missing contracts.

Next, make yourself replaceable. A company that relies on the owner for every single decision is very hard to sell. Use this year to train your team and write down your "secret sauce" so the business runs like a well-oiled machine even when you aren’t there to supervise.

Finally, focus on a strong finish. It’s tempting to coast once you decide to sell, but you want your final year to show steady growth. Proving that the business is still gaining steam makes it a much more attractive "prize" for a buyer looking to carry on your legacy.