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- Checklist for selling a business:
- Have a strong why.
- Talk to your family.
- Assemble your deal team.
- Get a business valuation.
- Decide on your goals.
- Describe your ideal buyer to your business broker.
- Sign a listing agreement with your broker.
- Help your business broker complete marketing materials1.
- Prepare for your exit.
- Set the right price.
- Find buyers.
- Negotiate terms.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The Ultimate Checklist for Selling a Business
- 1. Have a strong why ...
- 2. Talk to your family ...
- 3. Assemble your deal team ...
- 4. Get a business valuation ...
- 5. Decide on your goals ...
www.midstreet.com/blog/the-ultimate-checklist-for-…Prepare for your exit, set the right price, find buyers, negotiate terms, and finalize the deal. Whether you are planning to retire or focus on other opportunities, selling your business is an excellent way to exit and raise money from the business you have successfully built.www.bizbuysell.com/learning-center/guide/steps-se… The Ultimate Checklist for Selling a Business - MidStreet
Before you take the first steps to sell your business, it’s important to know your “why.” Not only is this important to gauge how committed you are to selling, but it’s also one of the first things a buyer will ask when inquiring on your business. Think about it from their perspective: would you take out loans and … See more
This step is a crucial one that sometimes gets overlooked. Neglecting to talk to your loved ones before selling your business can result in unpleasant surprises once the deal is underway. … See more
After clearing your decision to sell with your family, you'll need to hire a few professionals; behind just about every successful business sale is an experienced deal team. Your team should consist of a business broker or M&A advisor, an attorney … See more
Once you’ve hired your deal team, the next step is to get a business valuation. This will generally be performed by your business broker, and … See more
Once you have a business valuation, it’s time to develop an exit plan. Your exit plan should lay out your goals and timeline for selling, and include what you plan on doing after selling your business. Having a solidified exit plan will help you choose the right offer once … See more
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