One of my favorite questions to ask a seller is:
“If this earn-out disappears tomorrow, are you still happy with the deal?”
Central Florida's #1 Business Broker
One of my favorite questions to ask a seller is:
“If this earn-out disappears tomorrow, are you still happy with the deal?”
Transparency is Mandatory: Any attempt to hide a flaw in a business during a sale will completely tank a deal. In a world already paranoid about misinformation and “fake” data, buyers will walk away at the first sign of a red flag.
When a broker asks these nine questions, they are not creating obstacles. They are trying to determine whether you can successfully acquire, operate, and grow a business.
For many entrepreneurs, their business represents the largest asset they own. A poorly planned exit can have significant implications for retirement security and generational wealth.
Don’t Wait to Clean Your Books: If your financials are messy, you will leave money on the table or scare away lenders. Invest in clean accounting early.