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Tip #185: Is the Business Prepared for Due Diligence?
In the sale of a business, it can be very discouraging during the inspection for a buyer to discover something that is a “deal breaker” and stops the sale. It can be something in the financials, old equipment that will need replacing, expensive leases, recently lost large customers or a host of other issues. Due diligence means the buyer can look at everything and a business must be prepared for that inspection. It is recommended that business owners contact a Business Broker or M&A Advisor to examine the company and then take steps to prepare it for sale when it is time.
