By Cameron Herold, an Overdrive contributor

If you want to increase the value of your privately held company, it’s not just about profits. While profitability is critical, there are other factors that can elevate your company’s valuation when it comes time to sell. Three years ago, I introduced a CEO to an awesome M&A firm. They helped package his company for sale and found a strategic buyer who paid $50 million more than he ever imagined selling for. Nail these tips now and your company will be positioned to sell for a higher price.