Question 1

Why do I need a 3-year exit plan?

Accepted Answer

A 3-year exit plan allows you to clean up your financials, build a strong growth story, and position your business for a premium valuation. It shows buyers that you have a well-managed, profitable company with a credible future.

Question 2

What is the difference between tax accounting and management accounting?

Accepted Answer

Tax accounting focuses on compliance and tax reporting. Management accounting, on the other hand, provides the financial insights you need to make strategic business decisions, which is what buyers want to see.