As you embark on the journey to sell your business, you must continue running the business as usual. After all, your operations need to remain consistent and your company should continue to perform to maintain its value.
Meanwhile, selling a business is an additional full-time job. If you choose to take on the sale of your business on your own, you will find yourself in uncharted territory, with deal complexities, nuances and a seemingly unmanageable amount of work. This could result in cutting corners that reduce the value of your business or hamper the operations.
It is important to acknowledge the opportunity cost of trying to manage your business and manage the sale of your business at the same time. It is just not worth it. The best way to get the most out of a transaction is to hire an M&A advisor to streamline the process and drive the value of your business.
Additionally, the experience of an M&A advisor will bring to light other issues that tend to delay the close of your transaction.
Having an M&A advisor will ensure that your transaction is working towards a close and that you are selling your business with the most favorable terms available in the market. Working with an M&A advisor with a proven sale process allows you to effectively manage all aspects of operating the day-to-day tasks of your business while realizing the liquidity of your hard work.