The Financial Cleanup You Need Before You Buy or Sell a Business

Most service businesses don’t fail because they lack growth—they fail because their financial systems break under scale.In this episode of Entry & Exit, Stephen Olmon and Collin Trimble break down the real-world lessons they’re learning while cleaning up their financials during rapid growth. From cash vs. accrual accounting to inventory control, job costing, and RMR reporting, this episode explains what actually matters when lenders, buyers, or equity partners start asking questions.If you plan to acquire businesses, raise debt, bring on equity, or eventually sell, this conversation will help you avoid painful (and expensive) mistakes.What You’ll Learn:When cash accounting works—and when accrual becomes unavoidableWhy being “accrual-ish” causes major financial problemsHow poor inventory and purchasing controls destroy marginsWhat senior lenders and buyers expect in your financialsHow to track RMR adds, attrition, transfers, and roll-forwardsWhy clean financials give you leverage and optionalityThis episode is essential listening for security, alarm, and service-based business owners scaling past the $3M–$10M range.🔗 ConnectStephen OlmonCollin TrimbleOwned and Operated New Episodes Every Wednesday!Subscribe For More