How Do I Prepare To Sell My Business?

Photo caption: From drafting a timeline and planning for your eventual sale to understanding the state of the economy, there are several things to research when planning to sell a business. — Getty Images / nortonrsx. Article by Rieva Lesonsky.

In this edition of “Ask the Board,” Bob House and Luba Kagan of BizBuySell explain how to prepare a small business for sale.

There are several reasons small business owners decide to sell their companies — they want to move to another city or state, sales are down, they’re looking for a new challenge or it’s time to retire.

Whatever the reason, once you decide to sell, you can’t just hang up a “for sale” sign and wait for the offers to come rolling in. Selling for the right price takes time and preparation. […]

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