4 Tips for Selling Your Business

Would you like to sell your business?  Looking for some simple tips?  If you are then we can help.  Here are some quick tips for selling your business.

First, make sure your accounting books are in good order – most buyers are going to want clean, understandable, and organized financial records. It is advisable to have an accountant who specializes in small business tax preparation to assist you in this step.

This image has an empty alt attribute; its file name is 5591749.jpg

Second, selling a business can be a complex process and it often is advisable to seek the help of a professional business broker.   Business brokers are akin to a real estate agent in the home selling/buying process — they help facilitate the sale or purchase of a business.   Brokers can assist in many ways – they can help you properly price your business, market your business for sale, and once a buyer is secured can help facilitate the transaction.  Because brokers have done many transactions, their experience is invaluable to help you avoid potential pitfalls and overcome potential obstacles which may slow or stop the sale of your business.  Brokers are well connected and can bring to the table an experienced team of accountants, attorneys, financiers, and other needed professionals that help make the deal happen.  To find a business broker near you, visit our directory page. For those who perhaps have more background and experience, Businessdirect.com.ng does offer a FSBO — for-sale-by-owner option whereby a business owner can post their own business-for-sale advertisement to attract potential buyers.

The third tip is — be patient.  It can take some time to find the right buyer for your business.   In today’s economic environment, it is not unusual for it to take 6-12 months to close a deal.

The fourth and final tip is to be realistic.   In many cases, business owners are overly optimistic about the value of their business – it is important that the business owner be realistic when considering what price their business is worth.   It is advised to compare your business to other similar types of businesses that have sold in the last 12-24 months to get an idea of what price range might be appropriate for your business.

Hopefully these tips have help and we wish you all the best!   Thank-you.

Comments

  • erotik
    November 14, 2020 at 3:15 am

    I am constantly thought about this, appreciate it for putting up. Iolanthe Gayelord Delisle

  • erotik
    November 14, 2020 at 2:51 pm

    Just wanna comment that you have a very decent site, I love the layout it really stands out. Rosabel Augustus Clapper

  • erotik izle
    November 15, 2020 at 5:43 pm

    There is noticeably a lot to know about this. I assume you made some good points in features also. Debora Dani Annette

  • sikis izle
    November 17, 2020 at 11:55 pm

    Respect to article author, some wonderful entropy. Jennette Nikolaos Dore

  • erotik
    December 8, 2020 at 10:49 am

    I made blue cupcakes with chocolate frosting to announce to my in laws. They loved the idea. they had to peel the paper off to reveal the color. Eveline Ambros Bindman

  • erotik film izle
    December 9, 2020 at 3:49 am

    I pay a quick visit every day some web pages and blogs to read content, except this weblog provides quality based writing. Terri Haley Serg

  • sikis izle
    December 9, 2020 at 9:32 am

    Thanks-a-mundo for the article post. Really thank you! Cool. Dulsea Mitch Wash

  • erotik
    December 9, 2020 at 11:59 am

    You have mentioned very interesting details! ps decent internet site. Libby Hussein Sletten

  • erotik
    December 9, 2020 at 3:02 pm

    Joe Carter is a Senior Editor with the Acton Institute. Katrinka Kellen Horton

  • erotik izle
    December 9, 2020 at 6:27 pm

    If some one wants expert view about blogging afterward i recommend him/her to pay a quick visit this web site, Keep up the good job. Carla Jerrie Dow

  • sikis izle
    December 9, 2020 at 9:39 pm

    Glad to be one of several visitants on this awful internet site : D. Dulcinea Taddeusz Branen

  • 720p
    January 31, 2021 at 6:46 am

    Great post! We will be linking to this great article on our site. Keep up the good writing. Kimberly Florian Dekow

  • movies
    January 31, 2021 at 12:41 pm

    most beautiful ankara girls here you are invited dear dear you are invited to our site. Janith Cirilo Cressida

Add a comment