Listen to the Episode Below:
What does it take to get a small business ready for the big sale? Are your expectations on Planet Earth? How can you minimize the headaches at each stage so you can streamline the process?
In this episode, business broker Carey Davis puts to rest a lot of myths and moonbeams you hear about selling a business, and shares the four steps in the process to closing a deal that’s smart for both buyer and seller.
Four Steps to Sell Your Business...
Know the process. It doesn't happen magically ... or overnight. The four steps are: having a plan, finding a qualified buyer, negotiating the deal, and closing the deal (see infographic, below). And don't go out of order.
Create a plan to sell your business. Don't just wake up one day and say, "I'm ready to sell--where are the buyers?" The way you run your business is hugely affected by whether you plan to sell it or close it when you're done. If selling is on your radar (even years down the road), keep good, clean