Karl wrote Selling Your Canadian Business: A Step-by-Step Guide to Maximizing Value and Securing Your Legacy because he saw too many business owners making preventable mistakes that cost them millions of dollars and years of regret.
Seven considerations for a $1M-$3M EBITDA owner before selling, from setting realistic value expectations to the Quality of Earnings report buyers will demand.
If one change moves exit valuation more than any other, it is recurring revenue. Why predictable income reduces buyer-perceived risk and lifts the multiple they will pay.
Financial buyers and strategic buyers evaluate a business by different criteria. What attracts each type, and how to position for the one most likely to pay a premium.