The End Game
The End Game: Laboratory Insiders on Your Side is a podcast by senior lab executives for senior lab executives. This podcast shares valuable industry knowledge, tips, and strategies that when applied and properly executed will help lab executives succeed, thrive, and ultimately become better prepared for their own End Game.
The End Game
Ensuring Compliance in Your Lab's Operations
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In this episode, Melissa Butterworth discusses two key areas that lab owners need to focus on before taking their lab to the market: financials and compliance. She emphasizes the importance of having three years' worth of P&L statements, cash flow statements, and balance sheets in order. In terms of compliance, she highlights the importance of having a thorough compliance policy, handbook, training, and hotline. Melissa advises lab owners to work with a reputable M&A firm to ensure compliance and have all necessary documents stored in a cloud-based environment.