CFO Insight LLC
\If the process works, why waste the effort reviewing it? …. Value and selling price! In many mid-size companies, processes may be much less formal than larger established companies would prefer. Well thought-out, well-documented procedures applied by well-qualified personnel in an effective organization will add value and marketability to any sale. You should be able to demonstrate that your success is by design, and not by accident. Several simple steps to ensure that you receive full value for your business:
In all cases, identify the risks and opportunities that exist in your business, as if you were an outsider. Focus on the critical processes initially, and then pursue others. As you proceed through the process review, you will likely discover business improvements that will improve your competitiveness, and earnings.