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Exit Strategy- Step 2 - Have Clean & Accurate Financials


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Exit Strategy-Step 2

Have Clean and Accurate Financial Statements

The value of your business will be determined by your net profit, cash flow and a strong balance sheet.  Having clean and accurate numbers will be more attractive to a potential buyer, especially if your business shows growth over time. While you may value your loyal customer list, and your tools and equipment, it's the profitability of your business that will be used to determine how much someone will pay for your business.  

As an added benefit, having clean and accurate financials will also help you through tough economic times, and if you ever need a bank loan. 

Get your books in order and work hard on your business to show a profit.  

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