Selling your business after years of hard work is one of the greatest versions of the American dream we can think of.
Not being able to sell that business or, even worse, having to settle for much less is the opposite of that dream.
The struggle between these two outcomes is playing out right now in every single city and across every single industry. The problem is that the bad side is winning.
You won’t get another chance with the right buyer when it comes to math. Bad accounting and record keeping will either scare buyers away or worse. What could be worse?
They use your bad accounting against you.
You hand them your records, and they transform them into a hammer and proceed to pound you on the head. How’s that for a reward for all those years of hard work?
Sounds ridiculous, and yet we see it all the time. To make matters worse, it’s almost impossible to fix once buyers see bad accounting. They can’t unsee it, and they can’t resist using it against you.
No amount of new accounting can make buyers forget about the first thing you showed them. It’s just not possible.
There’s only one way to win in these situations, and here it is: just do the accounting right the first time.
Our clients stay ready to sell because that’s the only way to be. There’s no reason to get ready to sell if you’re already ready. If you’re not ready to show your books to a potential buyer at a moment’s notice, it only means one thing.
You don’t have the right accountant.
But you knew that already, didn’t you? Fun fact. 9 out of 10 new clients say they knew they didn’t have the right accountant, plus for some unknown reason, they put off switching way too long.
Don’t do that. Do something else.
Don’t let any opportunity pass you by. Be ready for anything. See the difference having a real accounting team on your side can make this year and switch to better today.