Most business owners and project executives forget that everything you do has an element of risk and compliance. Our experience is that most people have risks and regulatory issues in their business that they don’t even know that they have.
One of the hardest things you can learn how to manage in life is that you don’t know what you don’t know. What we work on is to help uncover the items and blind spots that most business owners overlook or take for granted that their staff or their advisors are taking care of.
We make sure that as your advocate, we’re giving you advice, CEO to CEO, from lessons learned over decades of running businesses, investing in businesses, and dealing with problems. We can assure you that your attorney, your CPA, your bookkeeper, your banker, and your insurance agent are all very good at what they do.
However, what we have learned is that they are not going to advocate as if they are you. In short, you cannot outsource ownership to your vendors.
What we do is come in and audit all of those critical business relationships – their scopes of work, what they’ve done lately, what they’re planning on doing in the future. We make sure everything from your first EIN number to your last tax return has been properly documented so that you have the ability to manage the sale, exit, or close of your business.
In short, this tremendously improves the value of your company to a potential buyer. It’s the number one area that someone attempting to sell their business leaves the most money on the table for poor quality documents or accounting or risk issues that drastically change the terms and price of the value of your business.
“The essence of risk management lies in maximizing the areas where we have come control over the outcome while minimizing the areas where we have absolutely no control over the outcome.”
~ Peter L. Bernstein