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DealSource Exit Plan

Need Some SOP?

Published about 2 months ago • 1 min read

Hey Reader,

Mmmmm nothing sounds absolutely more boring than talking about SOPs.

It's worse than eating an olive straight off the tree. Trust me, it's absolutely disgusting. It's in my top 10 list of life decisions to never make again

So why am I talking about terrible life choices and SOPs together?

Easy.

They are necessary for the proper running of your business.

But wait! There's more

Good SOPs actually add value and make your business more sellable

When someone looks to buy your business, they have to follow some instructions to complete your processes.

It's pretty hard to do that when you leave.

Here's why you need them.

  1. Valuation Impact - Good SOPs remove risk and highlight a strong business
  2. Due Diligence - Your about to expose all the inner workings of your business. You should get cleaned up first
  3. Operational Transparency - Makes you look super smart and the buyers super impressed
  4. Knowledge Transfer - You can't follow what you don't have
  5. Potential Optimization - Clarity into your own business helps you improve or sell the potential better
  6. Compliance and Legal - Yes, unsurprisingly, you should show you're following the law
  7. Intellectual Property - Processes that produce a repeatable income are extremely valuable

The best time to revisit this is long before you go to market. If there's something you fix, then you have time to show it in your financials and that just adds up!

Here's how I can help you, Reader

  • Business valuations
  • M&A pre-sale consulting
  • Introductions to expert advisors in your industry
  • ​Book a call here​
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That's a wrap, but if there's anything you want to see or hear more about then just hit reply and let me know!

Thanks,

Clayton

​DealSource HQ​

DealSource Exit Plan

I provide weekly guides and tips to help business owners prepare for all types of exits, capital structure changes, and operation optimization

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