Clean up bad habits
To support the power of your financials, try improving the effectiveness and timeliness of decision execution. Examples include better policies around expenses, AP/AR, backorders, payroll deductions, benefits, cash management and more. Equally important is understanding risks from past management habits and potential litigation due to omissions or transgressions. These should be found and dealt with before the selling process begins.
It is a great honor to be recognized with this significant organizational achievement, for promoting and supporting the #ESGR mission.
These efforts support more than 4,500 volunteers who carry out ESGR’s mission across the Nation on a daily basis.
#GMSHRM / #HRMIAMI
Celebrating a great cause with leading members of our community.
Among us, FIU Embrace Director Nicole Atton, County Commissioner-District 8 Daniella Levine Cava and Citrus Health Networks Chief Medical Officer Dr. Jose Pagliery,
The Florida medical marijuana market is fast becoming one of the largest in the nation.
How are CEOs managing medical marijuana in the workplace?
The policies you choose will make an impact on your business.
South Florida business leaders gathered at the Business Journal’s Miami office to discuss present-day challenges, triumphs and what may lie ahead as part of
Critical Conversations in Health Care.
Critical Conversations is the Business Journal’s ongoing series examining key issues and HR trends in business.
Preparing your business for sale is a multi-step process. The emphasis is in maximizing the value. But before you sell, it’s important to create a “built to sell” strategy..
Large or small businesses alike, have to be ready for public eyes. The best approach is to gradually implement key changes that maximize an exit success. Basically, anything that increases operational efficiency or decreases risk should become a priority.
Many companies don’t properly estimate the value of their intangible assets. If you don’t do this right, you might be leaving money on the table when it comes time to exit the business or creating suspicion in the buyer’s eyes and endangering the transaction altogether.
Terms such as claw back, performance bonuses, and earnouts imply that the buyer needs extra assurance of your solvency. These assurances can include operational efficiency, processes, controls, routings, chains of command, compliance and several more, must be ready for display.
Start with a functions review (for example a CFO, CTO, COO and CHRO) Understand current roles and responsibilities for each position against the CV. Yes, you will need to spotlight your people. Are you ready?
There are many variations, but all effective operational audits conducted by an outside consultant have the following in common: they are independent, understand the exit process, understand compliance and omissions' risk, and can dig up potential due diligence issues before a buyer unleashes the due diligence team.
Although it takes preparation to execute a successful sale transaction, the right consultant can save you thousands or even millions just by correcting gaps in key areas. Many entrepreneurs miss opportunities to increase the value of their business because they were convinced they could do better avoiding these pre-due diligence activities. However, if a great offer comes along and you are not ready, can you afford to miss out?
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