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Exiting & Selling

All-Star Clean Up

By August 24, 2023No Comments

It was All-Star week in Seattle. The week was filled with baseball events, the Home Run Derby, and the game  on Tuesday. As part of the preparation, the city has been doing some (much needed) cleanup.

They’re picking up trash, moving tents off the sidewalks and RVs off the streets, painting baseball murals on downtown buildings, and more. Of course, there’s pushback especially on social media. “How can you move these poor people out of their tents” and “It’s all for corporate big shots.”

Compare this to selling a business and figure your buyers are the equivalent of corporate big shots. You only get one shot at a first impression so:

  • If you don’t have an attractive facility, make it so. This may mean cleaning, painting, landscaping, etc.
  • Make sure your operations run smoothly.
  • Have your numbers in order. No buyer likes to wade through messy financials.
  • Make sure your management team is informed and ready to help. After all, they’re what the buyer is really buying.

The above will come back in multiples when it’s time to sell (and better yet, do the above all the time so it’s not a mad rush to prep things)

“I envy paranoids; they actually feel people are paying attention to them.” Susan Sontag

“To get back to one’s youth, one has merely to repeat one’s follies.’ Oscar Wilde