Frequently asked questions

The questions owners ask —
answered straight.

Compiled from real owner conversations and the questions most searched by business owners preparing to exit.

When should I start exit planning?

Two to three years before you want to transact. The highest valuations belong to owners who prepared long before an offer arrived — most value-building moves (unwinding owner dependence, cleaning job costing, diversifying customers) simply need time. If you're closer than a year out, start anyway: sequencing the highest-impact fixes still moves the price.

What is my business actually worth?

We deliberately don't answer that — formal valuation is Chartered Business Valuator territory, and we'll refer you to one. What we do tell you is what's suppressing the number: the discounts buyers apply for owner dependence, concentration and messy records are often larger than owners expect, and they're fixable.

What do buyers look for in due diligence?

Proof. Clean, reconcilable financials; documented processes; a management team that runs without the owner; contracts and records that are organized and current; a defensible customer base. Diligence is a verification exercise — businesses fail it not by being bad, but by being unprovable.

What is owner dependence and why does it matter?

If revenue, quality or decisions stop when you're away, the buyer isn't buying a business — they're buying a job with your name on it, and they price it accordingly. Reducing owner dependence is usually the single largest value lever in an owner-run company.

How long does it take to prepare a business for sale?

The assessment takes two weeks. Meaningful readiness work typically runs six to twelve months. Businesses starting from a low score sometimes plan an 18–24 month arc — which is why starting before the broker conversation, not after, protects the most value.

Do I need audited financial statements to sell?

Not always — it depends on size and buyer type — but you need financials a stranger can trust quickly. Many mid-market deals proceed on reviewed statements plus a clean quality-of-earnings story. What kills deals isn't the assurance level; it's numbers that can't be reconciled.

Should I tell my employees I'm planning to sell?

Generally not broadly, and not early — confidentiality protects the business and the deal. But building management depth (a normal, positive initiative) is exit-readiness in disguise: you can prepare the company fully without announcing anything.

What if I'm not sure I ever want to sell?

Then do the work anyway — that's exactly why our fractional operations service exists. A business that runs without you is more profitable, less exhausting, and worth more, whether you sell it, pass it to family, or keep it forever. Readiness is just good operations with a deadline attached.

What does exit-readiness cost?

The Readiness Assessment is a fixed fee (quoted before you commit — typically low four figures). Implementation engagements are fixed-scope, sized from your assessment. There are no percentages of your sale and no open-ended hourly meters.

You're not a broker, CPA or lawyer — where do you fit?

We're the implementation seat at your advisory table. Your accountant optimizes tax, your lawyer papers the deal, your broker finds the buyer — and we make the business itself ready for all three. That's why most of our work arrives by referral from exactly those professionals.

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