Due Diligence: How Company Sellers Should Navigate The Process

Forbes 

By Sharon Heaton, CEO of sbLiftOff

If you are a company owner with a potential acquirer circling around you looking to make a deal, congratulations on making it this far. Think about all the hard work and vision it took to get from the initial company launch to this exciting next phase, and commend yourself and your team.

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If you are a company owner with a potential acquirer circling around you looking to make a deal, congratulations on making it this far. Think about all the hard work and vision it took to get from the initial company launch to this exciting next phase, and commend yourself and your team.

Now get ready to be scrutinized by strangers who will put every detail of your operation under a microscope.

The due diligence process was never meant to be fun — and it isn’t. But for too many business owners it is downright painful.

But due diligence doesn’t have to be this way. By adopting the right mindset and taking the right steps, companies can shine during this process. And successful due diligence can mean reaching a deal that benefits the buyer, the seller and all involved.