I would tell you that better than 70% of the time business owners have made short term decisions in a vacuum without thinking of the end goal of wealth and a exit. Now is all they think of resulting in really horrible outcomes at the time of sale. If your CPA is not having this conversation with you you need a new CPA.
booksandrecords
booksandrecords
Selling Your Business With No Books and Records
In the absence of formal bookkeeping, it’s crucial to accurately track your cash flow. This means diligently recording all incoming and outgoing funds, including sales receipts, expenses, and payments. While it may seem like a tedious task, maintaining accurate cash flow records is essential for understanding your business’s financial health and making informed decisions about its future.