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Recasting Financial Statements
 Financial statements and tax returns for most privately-held businesses are prepared for tax purposes, not for business sale purposes. A "recast financial statement" is a reconstructed representation of the earnings that a buyer would be able to enjoy from the business. By recasting or adjusting the financial statements, the "real" financial performance of the business can be demonstrated. |
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When Should You Tell Your Employees That You Are Selling the Business?  How can you nail that inevitable meeting with your employees when the time comes?
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Tip #4 - Low Owner Energy, Low Company Performance!  If a company is on a downward trend, many business owners think they can bring their companies back from a valuation that doesn't meet their expectations. But it takes energy that many business owners no longer have. Very few companies can make that leap back to new heights without a strong drive, vision and leadership from the owner. Sometimes it's best to recognize the reality of the situation and sell the business before it continues to go downhill. |
