How to attract the highest price in the shortest time
18 things you should do before selling your publishing company.
1. Optimize profitability and clean up your bookkeeping.
2. One dollar of profits = Four to Six dollars of sales price
3. Stop any bookkeeping practices that are principally designed to lower your taxes but would seem questionable to a buyer.
4. Be careful of taking on any debt! Think about removing your personal debt on the balance sheet and exchanging it for equity or a royalty.
5. Remove questionable items from your balance sheet.
6. Draw up a Business Plan or a good marketing plan for the business.