Exits Preparation
Exits Preparation
BY David Rowat
If you are a tech entrepreneur looking to sell your company, you want to see this video. It explains how to build a Financial Model that shortens the exhausting diligence process in two ways: first, it gathers all the historical, budget and future financial projections in one comprehensive Excel model, and second, it calculates the Normalized EBITDA used to value your company.Follow the process explained in the vi...
Exits Preparation
BY David Rowat
Minimize Stress and Maximize the Sale Price by Starting Early To sell your tech company for the most money with a minimum of stress means starting early - months before you start the exit process. Most of the work involves creating and assembling hordes of documents, which can be pretty boring. For that reason, it’s helpful to hire an introverted perfectionist a few months ahead of the planned exit who will leave ...
Exits Preparation
BY David Rowat
Ever heard this advice: “Just run the business well, and the exit will take care of itself”? Nothing could be further from the truth. Many businesses sold based on this type of foolish thinking probably caused their technology entrepreneurs to leave billions of dollars on the table. Many entrepreneurs had worked for years building their companies, not realizing that more value is created at the exit than at any other time. To maximize the se...