Management: Exit Strategies
By Harry S. Dennis, III , for BizTimes: Vistage / TEC member Carol Coughlin has developed a set of tips for business owners who are positioning their company for sale. Her advice is practical and to the point.
The bottom line: make sure that your financial house is in order.
Tip 1: Your books should be closed by the 15th of each month. That will give you ample time to spot trends from month to month. One of the most common bookkeeping errors to watch for is duplicate entries of revenues or expenses.