The Skeletons Inventory - Finding Problems Before Buyers Do
A systematic pre-sale audit helps identify and fix legal, HR, environmental, and operational issues before buyer due diligence exposes them
Expert insights on business valuation, exit strategy, and value creation. Everything you need to maximize your sale price.
Explore our 62 articles across all topics
A systematic pre-sale audit helps identify and fix legal, HR, environmental, and operational issues before buyer due diligence exposes them
Learn how pricing power signals competitive position and value delivery to buyers evaluating your business for acquisition
How recessions impact lower middle market M&A valuations and deal volume plus exit timing strategies for business owners planning their transition
Learn to quantify how founder dependency impacts your business valuation and create a prioritized extraction plan for organizational independence
Learn how buyers analyze free cash flow conversion and discover frameworks for presenting your business's actual cash generation effectively
Transform your company into an acquisition target buyers compete for. Learn the operational and financial strategies that maximize business value before exit.
Creative deal structures that bridge valuation gaps between buyers and sellers through earnouts, seller notes and rollover equity
Build credible growth narratives that help buyers understand your forward trajectory through evidence-backed positioning and realistic expectations
Learn how your ERP and operational systems affect buyer perception during due diligence and what technology infrastructure signals about scalability
Discover the specific factors that make businesses attractive to buyers and command premium multiples in today's M&A market
Learn when rollover equity creates value in M&A deals and how to evaluate opportunities. Expert framework for assessing post-close ownership decisions.
Industry average multiples obscure massive variance in actual deal values. Learn what really drives your valuation within typical EBITDA ranges.
Informal power structures may signal transition risk to buyers. Learn how to identify hidden hierarchies and determine when formalization strengthens exit value.
Learn why aggressive EBITDA add-backs damage credibility with sophisticated buyers and how to present realistic earnings normalization that survives due diligence
Standard operating procedures signal organizational maturity to buyers and can reduce transition risk in business sales
Learn how interest rates directly impact business valuations through LBO financing math and what this means for your exit timing strategy
Transform founder-driven sales into repeatable scalable processes that reduce key person dependency and position your business for stronger buyer interest
How operational capacity affects buyer perception and deal valuation for business owners preparing for exit
Learn how working capital adjustments can reduce your sale proceeds by hundreds of thousands at closing and strategies to protect your net payment
Learn how upgrading financial statements signals organizational discipline and can improve your business valuation through reduced buyer risk perception
Learn how customer concentration triggers valuation discounts in M&A deals and discover strategies to diversify revenue before your exit
Navigate franchise transfer provisions and franchisor approval requirements to successfully complete your franchise business exit
Contractor misclassification creates M&A liability that buyers factor into pricing. Learn classification standards and remediation strategies before due diligence
Learn how platform dependency on Amazon and Shopify impacts e-commerce valuations and discover strategies to demonstrate business resilience to buyers
Exit preparation requires years of organizational and financial optimization. Learn the three-year framework that positions your business for maximum options
HR audit framework reveals compliance gaps before buyers discover them during due diligence. Protect your valuation with proactive employment documentation review
Your approach to workplace flexibility reveals trust levels and adaptability that sophisticated buyers evaluate when assessing acquisition targets
Learn how to identify pricing opportunities and capture margin upside while managing implementation risks and customer relationships effectively
Build marketing systems that transfer with your business to improve buyer confidence. Learn frameworks for sustainable demand generation and realistic timelines
Learn which customer satisfaction metrics buyers request during diligence and how to implement NPS and CSAT measurement systems before exit
Learn how cross-sell penetration metrics reveal customer relationship depth and revenue quality that buyers use to evaluate acquisition targets
Learn why buyers often discount handshake deals and how formalizing customer agreements can protect revenue quality during exit due diligence
Learn how customer churn compounds into valuation impact and why retention metrics matter for business exits
How PE firms evaluate price and structure acquisitions in the $2M-$20M EBITDA range and what sellers must understand to negotiate effectively
Discover how founder-centric management creates transition risk that buyers quantify as valuation discounts and learn to build organizational independence
Learn how entitlement culture affects exit valuations and how to restore performance-based accountability before buyers identify risks in due diligence
Learn how to convert founder-dependent customer relationships into institutional ones before exit to protect deal value and ensure successful transactions
Learn how buyers assess supply chain risks during due diligence and discover frameworks for demonstrating operational resilience through supplier diversification
Learn how strategic and financial buyers evaluate acquisitions differently and adapt your exit positioning to maximize value with each buyer type
Learn how quality of earnings reports impact your sale price and what you need to know to prepare
Learn how ISO certifications and quality standards can affect business valuations in M&A transactions and signal operational maturity to buyers
Learn which operational KPIs matter most to buyers in your industry and how to present performance data that builds confidence
Strategic cost reduction before exit can improve EBITDA and buyer perception while avoiding add-back negotiations during quality of earnings analysis
Learn to assess whether your business advantages are truly transferable assets or founder-dependent capabilities that affect exit outcomes
Personal supplier relationships built over decades rarely survive ownership transitions. Learn how to formalize vendor arrangements before your exit.
A framework for identifying key person dependencies and making informed decisions about which warrant investment versus deal structure solutions
Learn how deferred maintenance affects business valuation and discover frameworks for addressing facility condition concerns before your exit
Learn the key differences between revenue and EBITDA growth and where to focus your efforts to maximize your company's valuation
Understand how technical debt impacts IT due diligence and affects your company valuation and closing timeline
Learn how customer concentration affects business valuation and discover strategies to mitigate buyer concerns during exit planning
Understanding how backlog quality and bonding capacity impact construction company valuations during exit planning
Learn how to optimize customer acquisition costs to improve unit economics and create sustainable value that attracts buyers and supports earnout performance
The five D's force business sales on catastrophic terms. Learn how preparation for involuntary exit protects value and creates exit readiness.
It's my baby is the most costly phrase in exit conversations. Learn how emotional attachment destroys business value—and what to do about it.
Discover 5 red flags that kill business sales—and how to fix them before buyers walk away. Protect your company's value.
Business life cycles affect valuation multiples significantly. Understanding your company's stage and how buyers perceive it provides essential context for strategic exit timing decisions.
Discover why premium valuations take years to build, not months. Learn the five structural factors that drive business valuation and the real economics of transformation vs selling now.
Extended exit preparation can improve valuations, but costs often exceed benefits. Learn how to calculate your optimal timeline using risk-adjusted decision analysis.
Key employee risk creates a 2-15% valuation discount. Use this ROI framework to determine if retention agreements make financial sense—or if alternatives like earnouts deliver better returns.
Key person risk creates a 15-25% valuation discount, but PE and strategic buyers need different retention solutions. Learn how to preserve optionality for whichever buyer emerges.
Not all business improvements create equal value. Discover the 10 value drivers that make buyers pay premium multiples—and which ones deliver the fastest ROI for your exit strategy.