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- Here are some steps to sell your small business12:
- Reasons for the Sale: You've decided to sell your business. Why? That's one of the first questions a potential buyer will ask.
- Timing of the Sale: Prepare for the sale as early as possible, preferably a year or two ahead of time.
- Business Valuation
- Should You Use a Broker?
- Preparing Documents
- Finding a Buyer
- Handling the Profits
- Clean up Your Financial Records
- Bring in a Valuation Expert
- Get an Exit Strategy in Place
- Spot Real (and Suspicious) Buyers
- Push to Increase Sales
- Recruit a Sales Professional
- Get Contracts and Lawyers Involved
- Make Sure You Get Paid Up Front
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.How to Sell Your Small Business
- 1. Reasons for the Sale You've decided to sell your business. Why? That's one of the first questions a potential buyer will ask. ...
www.investopedia.com/articles/pf/08/sell-small-bus…8 Steps to Selling a Small Business
- Step 1: Clean up Your Financial Records ...
- Step 2: Bring in a Valuation Expert ...
- Step 3: Get an Exit Strategy in Place ...
- Step 4: Spot Real (and Suspicious) Buyers ...
- Step 5: Push to Increase Sales ...
www.fundera.com/blog/selling-a-small-business - People also ask
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