24 Apr Boss Talk: Financials: The Cornerstone of Selling Your Business
In this episode of Boss Talk, hosts Jim Parker and Carey Sobel delve into the critical role of financials when selling a business. They emphasize that organized and accurate financial statements are crucial from the initial listing to the final closing. Topics include the importance of clean financial records, how personal and one-time expenses impact the valuation, and the differences between EBITDA and discretionary earnings. They also discuss variable vs. fixed expenses, seasonality, and why only seasoned business brokers or business appraisers should conduct business valuations. Join Jim and Carey as they share insights from their years of combined experience to help you maximize your business’s sale price and secure the best terms possible!
