Sell My Business - 6 Steps to Sell a Business

Are you considering selling your business? If so, you need to start getting your business ready. The good news is if you take the time and get it ready, the business will attract buyers and sell for top dollar.  Not taking the time to get the facility and accounting in proper shape will cost the seller money. A business will have greater value if a few details are taken into consideration.  So how can you win when you sell the business? Here are a few tips that will head you in the right direction so the value will be the highest possible, (added value).

1. Importance of first impression.  Looking at a business is the same as looking at a house, if the building does not have a clean comfortable look, buyers will not take a second look. Make some cosmetic changes and clean up, then you will enjoy showing your business off and buyers will respond in same.
    
2. Start your plan. There are two basic ways to start the process putting your business on the market, list on web, sell yourself or list with a Broker.  Seek out and interview Brokers, until you are comfortable with the knowledge and ability of the Broker you choose. Brokers can be a valuable to coach and help with the process and will be worth their cost if you do not understand the process or if you do not have the time or feel comfortable with your knowledge of the process.  If you choose to sell yourself, once you have your business in order, list it on more than one web site like Bizlocal.com. Chose at least two web listing sites and use the information on these sites. A seller packet can be found on these sites. The seller packets will provide the work sheets needed to work through the process of preparing a business for sale.  These sites are designed to make selling a business yourself as simple as possible even though it is not simple process, large numbers successfully sell their business each week.  Brokers list businesses on several web sites, giving maximum exposure.  The more buyers that view your listing, the more likely a buyer will be found.  There are two basic types of buyers. Those who are looking to buy a fixer-upper and those looking to buy themselves a job.

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