Early preparation is critical to the success of any sales transaction. If you expect a future transaction, you should take steps to prepare not only your business but also yourself as a business owner. This planning process can help you think like a buyer and make any necessary corrections to maximize the value of the business — well in advance of a sale.
In this article for Philadelphia Business Journal, Michael L. Lipschutz, Director, Transaction Advisory, discusses five important factors to consider when preparing to sell your business to a third party.