It’s hard to imagine a bigger event in the life of either. This may be your first company sale, or the most important deal of your life so far. You know that as an owner or CFO, you are the Captain of the team, responsible for due diligence activities. But what should you expect and how can you be prepared to ensure that the diligence process maximizes the purchase price your company will receive from a buyer?
One of the best lessons I ever learned working for a private equity-backed company was the value of a 13-week cash-flow forecast. Let me tell you: There is a reason the smartest financial engineers in business always have them.
With the holidays behind us and the New Year already in full swing, there’s no doubt that entrepreneurs have a myriad of goals for the year ahead. And one of those things should be to ensure your investors have confidence in your business.
Because whether your business has just one investor, many investors, or you’re starting to think about attracting investors, ensuring they remain confident with their decision to invest should be one of your top priorities. After all, without their support, you wouldn’t be able to achieve your vision.READ MORE
When starting or running your own business, there is no shortage of choices to make. And it’s likely that most of these decisions need to be made quickly, too. But how do you know you’re making the right decision – and what information are you relying on?
We’d venture that more often than not, you’re relying on financial information. But how quickly is that being provided to you on a monthly basis?