7 Time Tested Fundamentals of Selling your Business
Would you rather sell your company for 3x or 10x EBITDA?
That’s a big difference, and one worth putting serious thought into.
Let’s say you have 2 companies. Both generate $25 million in revenue and $5 million of profit a year. Company 1 has an owner with complete control of all areas of the business and no management diversification. Company 2 has great management diversification and its largest customer is only 2% of its revenue.
Both companies might sell. But Company 1 will bring in much less than Company 2. Let’s look at some key factors you can take control of now to help you sell like Company 2 later.
