A Newsletter You can Actually Use
Written by former business owner John Ratliff, these various articles outline important factors in the selling transaction and the decision making process leading up to the sale. Mr. Ratliff owned a multi-million dollar service company once featured on INC. 500's list, which was sold using the services of CO Group. He is a fan.
The following are excerpts:
Maximizing the Value of Your Business
"As the owner of your company, you have every incentive to make it as valuable as possible. Increased value can mean more profits, more resources for retaining and rewarding your employees, and easier access to bank lines of credit..."
In this issue John examines reducing expenses - the easiest and fastest way to increase profits and maximize value.
The Need for an Exit Plan
"As a business owner, it is in your interest to prepare an exit plan, regardless
of how long you intend to keep your business, whether you plan to keep it in the family or sell it eventually...I should have prepared my exit plan in the first year, revising it as needed. If I had done so, I would have been able to sell it sooner, and at a better price."
This article looks at such matters as Leases, Will and Estate Planning, and Power of Attorney, taxes and Insurance.
Building A Professional Support Team
"You need a support team of professionals to help the company grow, protect its assets, as well as your own, and insure that legal and regulatory requirements are met..."
In this issue John examines the critical role of the CPA, Business Attorney, Financial Planner, Estate Attorney and Intermediary.
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