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Entrepreneurs often wait until the last minute to make hard decisions about selling a business. A clear plan takes time to develop, but assures that you get full value for your company. Find out how to sell a business and lay the groundwork for a successful transition.
Explore the headings below and learn how to prepare for the sale of your business.
As an entrepreneur it’s not easy to think about selling your company. But knowing when the time is right and planning ahead of time will improve your chances of getting the best sales price and conditions.
Whether you're passing the company onto a family member or selling it to outside interests, keep in mind that you will need a business valuation that establishes a realistic and fair dollar figure for your business.
Buyers are likely to look at your profitability, growth potential and operational efficiency, and whether you have a strong vision and viable business strategy.
To ensure a successful transition, it is important to define, develop and implement a plan that guarantees the ongoing growth and success of your business.
Business transition planning
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