Setting up your business for future acquisition.

It’s 2021, and you made it. You nursed your small business along last year. Sputtered your success through 2020. Coaxed your colleagues through COVID orders. So, you may be more than a little bearish when it comes to the thought of putting your shingles out for sale.

According to Smart Business Online, there’s no doubt the pandemic has caused significant market disruption furthering the notion that 2021 could well be the year of company mergers and acquisitions from large corporations to family-run businesses. If you’re looking to reset rather than rebound, now is the time to consider selling your company.

How will you know if now is the time? And who should you consult to prepare your company for a sale? The first step is to consult with a small business merger and acquisition financial specialist. The excellent news for business owners is the ability to work with a consulting firm that specializes in helping to prepare for a company sale.

Allowing financial experts and even hiring a fractional CFO provides an opportunity for a third-party deep dive into your business and industry. When an outsourced CFO and financial consulting firm looks at your current fiscal and competitive situation, they are better able to establish where your company fits with current and forecasted market trends.

When reviewed and monitored closely and with precision, a CFO-for-hire will be able to focus on setting up your business for a potential transaction. A Fractional CFO assessment includes an evaluation of your corporate structure, assets, intellectual property, and even cybersecurity considerations. Knowing everything going on within your company operations and finances and understanding the industry and market demands is critical to assessing whether now is the time to sell, as much as guaranteeing your sale price is attainable.

Instituting a partnership with a Merger & Acquisition Advisor ensures appropriate valuation – without being too personally attached to the present market value of the blood, sweat, and tears that went into your business’s growth trajectory. Additionally, teams who specialize in commercial sales are also adept in business tax strategy to ensure you’re getting the greatest value for your assets and certify the most tax-effective sale structure.

This article with Financiar Worldwide confirms that business owners need to ensure they remain focused on successful ongoing company operations, even when readying the company for an acquisition. Once your acquisition is complete, working with trusted financial agency advisors will guarantee that more equity from your business sale makes it to your bank account.

If you’re pondering whether or not you should hold them or fold them in 2021, it’s time to call for a consultation. The Rockridge Financial team consists of trusted advisors with ample M&A experience. If you’re thinking of selling and need a strategy, our high-level financial experts can advise you so you can make a better decision for a more profitable sale. Contact our team to schedule a complimentary 45-minute consulting session to discuss your specific questions, review key business decisions, and gather overall feedback.